Pension

PenCom too sensitive to be manned by people with questionable character – TUC

*Canvasses confirmation of Mrs. Aisha Uma as DG PenCom

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Chuks Udo Okonta

The Trade Union Congress of Nigeria (TUC) has said the National Pension Commission (PenCom), is too sensitive to be entrusted into the hands of people with questionable character.

The President, TUC, Comrade Quadri Olaleye, who said this in a statement, noted that as a stakeholder, the Congress has watched with keen interest the activities of the Commission and can say that Acting Director-General of Mrs. Aisha has done creditably well enough to earn a promotion. “Recall that before now we have had issues with payment of pension and pensioners dying without being paid statutorily stipulated percentage of their contribution due to them at retirement. The story is changing,” he said.

He commended the effort of the Mrs. Umar, noting that the initiatives she has brought into the commission since she took over on acting capacity of the Commission, has helped placed the commission on good position.

He noted that however, the Congress wants the Act amended such that workers will be paid up to 50 per cent of their contribution at retirement to enable them establish petty businesses to complement whatever amount the Commission pays them at the end of the month.

On the Micro Pension Plan embarked upon to improve the standard of living of the informal sector participants at retirement and also reduce dependence on extended family, we would also appreciate it if the course is followed squarely because of its benefit and tendency to boost life expectancy.

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