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PHCN pensioners protest unpaid entitlements

By Azeez Olorunlomeru
16 December 2021   |   4:00 am
Commercial activities at a section of Ladipo International Auto-Spare parts Market, along Oshodi Expressway, were temporarily brought to a halt, yesterday, when pensioners under the aegis of Concerned PHCN Pensioners protested non-payment of 33 per cent increment in their pension.

Commercial activities at a section of Ladipo International Auto-Spare parts Market, along Oshodi Expressway, were temporarily brought to a halt, yesterday, when pensioners under the aegis of Concerned PHCN Pensioners protested non-payment of 33 per cent increment in their pension.

The retirees carried placards with inscriptions such as “S.O.S Mr. President!” “Please Come To Our Rescue!” “PHCN Pensioners Are Dying Daily Without Collecting Our Benefits!” “PTAD Pay PHCN Pensioners 33 per cent Pension Rates Increase As You Paid Other DBS Pensioners!”

They, thereafter, besieged the headquarters of The Guardian to register their complaints.

One of the coordinators, Mr. Muritala Dunmoye, said: “Year 2000 retirees’ difference of 42 per cent shortfall payment for the past 21 years; harmonisation of pre-2003 retirees; and monetisation of post-2004 retirees are part of the main agitations not yet resolved.

“Also, 33 per cent pension rates increment of July 2010, paid to all other Defined Benefit Scheme (DBS) pensioners to date, while excluding NEPA/PHCN pensioners. Electricity rebates, that is, utility, stopped without a reason since 2012 or thereabouts.”

Dunmoye said the pensioners contacted the Pension Transitional Arrangement Directorate (PTAD) on all the above matters through letters.

He said the agency’s response was that payments would be made soon or when funds were available. He said due to delays, pensioners had been suffering. “Some are with varying degrees of health challenges, seemingly unresolvable due to lack of money. Our pensioners have always been kept in the dark regarding our entitlements,” he said.

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