Retirees under the Contributory Pension Scheme have demanded the implementation of minimum pensions. They made their request known in a statement titled, ‘Demand for the full implementation of Contributory Pension Scheme in Nigeria,’ which was signed by the President, Contributory Pensioners Union of Nigeria, Eleyele Branch, Ibadan, Matthew Shittu. The retirees stated, “Current wage upward review of minimum wage of N30,000 to federal civil servants/retirees, which no provision was made for pensioners under the Contributory Pension Scheme. The retirees frowned at the non-disclosure of the template for calculating retirees’ benefits under the CPS. It stated, “The union also demands that, henceforth, any entitlement due to retirees under the CPS should not be paid like 2.5 per cent which was pro-rated into 10 years.

Source: Punch December 18, 2023 09:53 UTC