Close Menu
NewsjauntsNewsjaunts
  • Homepage
  • News
  • Business
  • Politics
  • Entertainment
  • Music
  • Award
  • Contact Us
  • About Us
  • Privacy Policy

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

COURT REJECTS LAFARGE’S BID TO STOP CASE ON ITS PLAN TO SELL SHARES TO CHINESE FIRM

May 16, 2025

Nestlé Professional Reaffirms Commitment to Youth Entrepreneurship

May 15, 2025

RMAFC Credits FIRS for Nigeria’s Fiscal Stability

May 15, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
NewsjauntsNewsjaunts
Subscribe
  • Homepage
  • News
  • Business
  • Politics
  • Entertainment
  • Music
  • Award
  • Contact Us
  • About Us
  • Privacy Policy
NewsjauntsNewsjaunts
Home - NEWS - Some retirees still receive N500 monthly as pension, says NUP
NEWS

Some retirees still receive N500 monthly as pension, says NUP

Samson Adeyanju UwalaBy Samson Adeyanju UwalaAugust 18, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Share
Facebook Twitter LinkedIn Pinterest Email

Nigeria Union of Pensioners NUP e1523979755285

Agency Report

The Nigeria Union of Pensioners, on Sunday, said some retirees are still receiving N500 as monthly pensions in the country.

In an interview with the News Agency of Nigeria, NAN, the Secretary of the union in Kaduna State, Alhassan Musa, described the condition of the returnees as “pathetic”.

He said that most of the affected retirees were in precarious conditions, adding that, “they sacrificed their lives and services for the nation.

“The worst affected are pensioners in most of the Southern and oil producing states in spite of getting fat allocations from the federation account.

“The condition of pensioners in some Northern states and the FCT are far better up, as some of them received between N3,500 and N18,000 monthly pension.”

Musa, who is also the NUP scribe in charge of the 19 Northern states and the North-West, however, said that only retirees in Kaduna state were earning N30,000 minimum pension monthly.

The secretary recalled that the Kaduna state government in 2020 implemented a N30,000 minimum pension during the administration of gov. Nasir El-Rufa’i.

He, therefore, advocated for a 50 per cent upward review of the minimum pension, to improve the social and economic wellbeing of the retirees.

This, he said, is necessary considering the socioeconomic realities in the country.

“The union proposed a 50 per cent increment even under the defunct N30,000 national minimum wage.

“We are anticipating that the 50 per cent increment would be approved in line with the new N70,000 national minimum wage.

“Even under the Federal Government, some pensioners are receiving N10,000 minimum pension.

“We are hoping that the federal government will balance it up so that no pensioner will receive less than N70,000 as his/her monthly pension.

“Let pensioners also enjoy the same benefits the workers are enjoying. If a worker is receiving N70,000 minimum salary, let the pensioner enjoy the same,” adding that the monthly minimum pension should be at par with the new national minimum wage.

Musa also urged the governor, Kaduna state, Uba Sani to emulate El-Rufa’i by being the first governor to implement the N70,000 minimum pension.

He further said workers who retired under the contributory pension system were facing formidable challenges.

“Honestly, these people are facing a lot of challenges because some of them have retired in the last 10 years, and yet to draw their benefits.

“It is really pathetic, this is happening in Kaduna and other states. Even under the federal government, those who retired under the contributory pension scheme are suffering as their accruals are yet to be remitted into their accounts.”

According to Musa, once a worker retires, he is supposed to be placed on pension within three months, and receives his lump sum.

While exonerating Pension Fund Administrators (PFAs) and Pension Commission (PENCOM) of faults in pension management, Musa attributed the situation to the inability of Ministries, Departments and Agencies (MDAs), to remit monthly contributions to individual worker accounts.

“This is because they are not remitting the money as at when due as being expected of them,” he bemoaned.

(NAN)

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticlePolice arrests wanted cultist for terrorizing Ogun border residents
Next Article Reckless Driver kills One person, as vehicle rams into motorcycle in Ogun
Samson Adeyanju Uwala
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

Related Posts

COURT REJECTS LAFARGE’S BID TO STOP CASE ON ITS PLAN TO SELL SHARES TO CHINESE FIRM

May 16, 2025

Nestlé Professional Reaffirms Commitment to Youth Entrepreneurship

May 15, 2025

Fidelity Bank reclaims trillion-naira market cap as stock rises to ₦21

May 14, 2025

100 Years of Legacy: The African Lads Brigade Celebrates a Century of Faith, Discipline, and Service

May 14, 2025
Leave A Reply Cancel Reply

Demo
Our Picks
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
NEWS

COURT REJECTS LAFARGE’S BID TO STOP CASE ON ITS PLAN TO SELL SHARES TO CHINESE FIRM

By ODUNLAMI SEUN ORIYOMIMay 16, 20250

A Federal High Court in Ikoyi, Lagos, has thrown out a motion by Lafarge Africa…

Nestlé Professional Reaffirms Commitment to Youth Entrepreneurship

May 15, 2025

RMAFC Credits FIRS for Nigeria’s Fiscal Stability

May 15, 2025

Ogun, and the economic values of National Sports Festival

May 15, 2025

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us

Newsjaunts is a well-established journalism business dedicated to delivering high-quality news reporting, breaking news, and comprehensive investigative reporting.

Our team of experienced journalists provides in-depth local news coverage, compelling news stories, and insightful news analysis. Stay informed with our timely news updates and informative news articles.

Trust Newsjaunts for accurate and reliable news coverage. Contact us today to stay updated on the latest news globally.

Email: info@newsjaunts.com, newsjaunts@gmail.com

Whatsapp: +2348182744804
Call: +2348078097457

Facebook X (Twitter) Instagram
Our Picks
New Comments
  • Dada sodiq olumide on Profile of Hon. Husein Kehinde Ajetumobi, PDP Chairman, Ijebu Ode
  • Trezor Setup on Transportation: Tinubu Commissions 30 Hybrid CNG Buses in Abuja
  • web link on Yoruba Youths Leaders visit Ooni, Felicitate with the House of Oodua on the arrival of a Prince
  • moneyveo jobs on Yoruba Youths Leaders visit Ooni, Felicitate with the House of Oodua on the arrival of a Prince
Newsjaunts
Facebook X (Twitter) Instagram Pinterest
  • Homepage
  • News
  • Business
  • Politics
  • Entertainment
  • Music
  • Award
  • Contact Us
  • About Us
  • Privacy Policy
© {2025} SEMEL-NJ MEDIA AND INFORMATION TECHNOLOGY

Type above and press Enter to search. Press Esc to cancel.

WhatsApp us

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.