TUC moves to strengthen pension administration

TUC President Comrade Bobboi Bala Kaigama noted in his independence day message that the development was necessary in order to strengthen pension administration in Nigeria. He lamented the increasing cases of embezzlement of pension funds with no one  brought to book to account for the criminal act.“Why a few individuals should be feeding fat on […]

TUC President Comrade Bobboi Bala Kaigama noted in his independence day message that the development was necessary in order to strengthen pension administration in Nigeria. He lamented the increasing cases of embezzlement of pension funds with no one  brought to book to account for the criminal act.
“Why a few individuals should be feeding fat on the misery of poor and hapless pensioners remains a mystery to us. Pensioners’ woes are made worse by the virtual collapse of social services, which in effect has turned every household into a mini-government on its own.
“Incidentally the pain is more excruciating because monetary contributions are deducted from workers’ salaries into the pension funds unlike what obtained in the past when government paid from its coffers. In this milieu, retirement aggregates to being sentenced to permanent poverty or even death, except in the case of the privileged few in society. This ugly trend must stop,” he said.