PFAs should explain how our entitlements are calculated-Chairman NUPCPS South West

PenPensioners in the University College Hospital(UCH)Ibadan, Nigeria have called on the 21 Pension Funds Administrators(PFA) in the country to explain how their entitlements are calculated for eventual payment.
This call was made on Wednesday on behalf of the pensioners by the chairman of the Nigeria Union of Pensioners(NUP) Contributory Pensions Scheme(CPS) South West zone, Chief Joseph Oyadiran, at a  retirees forum organized by a PFA Forum in Ibadan.
''We want to know how you calculated our money. It is dubious. Have you started receiving retired workers 2013 IPPOIS money from the Accountant General of the Federation(AGF)? The money of workers who retired in 2013 was not calculated with the lump sum. They are yet to release the IPPIS fund to our members at UCH. It is running into millions of Naira.
Chief Oyadiran lamented that the PFAs were non-chalant in matters concerning pensioners, saying,''you are not assisting us. I have a list of those affected.. Some of the PFAs have not paid 2.5 per cent. The government promised that the enhancement allowances would be released between January and February, 2023. Up till today, what is delaying it? It is May. How can I invest N5.6 million and at the end of three years give me N300.00? PFAs ought to back us up for the release of our money. They are not backing us up,'' Chief Oyadiran declared.
Meanwhile, members of unions in the UCH have expressed reservations over the curious attitude of the union leaders to issues pertaining to the PFAS operating in the hospitals just as they expressed hopes that there would be an improvement.


Nigeria Union of Pensioners Contributory Pensions Scheme Federal Government of Nigeria

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