This is as NLC claimed that retirement under the present scheme may have become a death sentence for many retirees and this has many consequences for behaviour of workers in active service.
Browsing: pension scheme
The National Pension Commission (PenCom) said pension assets increased to N16.76 trillion within the half-year period (six months) that ended in June 2023.
According to them, they were railroad into it and since then had seen its evil effect on their retired colleagues.
The NBS disclosed this in its “Pension Asset and Retirement Savings Account Membership data,” released on Tuesday.
The NBS stated this in a report on: “Retirement Savings Account Membership Distribution for Second Quarter, 2017,” posted on the bureau’s website on Tuesday in Abuja.
He said there was need for continuous regulation and strengthening of institutional structures of the country’s contributory pension scheme to enhance pension assets and infrastructure development
Through its counterpart funding and other contributions, the oil rich state has so far supported the scheme with over N14.9 billion