Union wants 3 tiers of govt to implement 2014 Pension Act

The Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees (AUPCTRE), has decried the failure of the federal government, states and local governments to implement the New Pension Act 2014 for workers. The union, therefore, urged all tiers of government to fully comply with the provisions of the Act and implement it, […]

The Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees (AUPCTRE), has decried the failure of the federal government, states and local governments to implement the New Pension Act 2014 for workers.
The union, therefore, urged all tiers of government to fully comply with the provisions of the Act and implement it, so that the workers could have something to fall back on after retirement.
General Secretary of the Union, Comrade Yusuf Lekke Zambuk, gave the AUPCTRE position during the 20th Plenary Session of the National Governing Council/AUPCTRE Week in Abuja, regretted that the non implementation of the New Pension Act   2014 poses a serious concern to the survival of an average worker.
Comrade Zambuk explained that the New Pension Act 2014 part 11 Section 5 provided for group Life Insurance Policy in favour of each employee for a minimum of three times the annual total emolument of the employee and the premium is expected to be paid not later than the date of commencement of the cover.
He however said that, as at date, neither the federal government, states nor local government have implemented this policy in favour of employees.
He said, “It is surprising however that the political office holders enjoy retirement benefits inclusive of medical, car, furniture etc after serving their 4-year tenure but nothing is being said about serving public officials by the federal government, states and local governments.
“However, the NGC-in-session has called on the organized labour, which is a Pan Nigerian Organization and a defender of democratic values, to unite and rise up to effectively engage the political class to ensure that the dividends of democracy are not lost,” he said.
He said the NGC-in-session has resolved that, the engagement between the political class and the organized labour would be on a continuous basis in order to achieve its objective.