Retirees from the defunct Power Holding Company of Nigeria (PHCN) staged a protest at the Lagos office of the Pension Transitional Arrangements Directorate (PTAD) on Thursday over their unpaid entitlements.
The retirees, under the aegis of Concerned PHCN Pensioners, a lobby group, appealed to President Muhammadu Buhari to intervene in the matter.
They stated that the problems of non-payment of their rights had still not been addressed despite repeated calls to PTAD.
The Nigerian News Agency reports that the group had organized a protest in the same office in March 2021 over issues related to the rights of retirees.
The problems include the late payment of 42 percent of the tip and the monthly pension of the year 2000 retirees from the last 22 years; accumulated arrears of harmonization money not paid to date; and monetization of certain rights.
They also affirm that PHCN pensioners have not yet received 33 percent of the arrears of the pension increase approved during the administration of President Goodluck Jonathan, among others.
One of the coordinators, Mr. Muritala Dunmoye, said that some of his colleagues had died while waiting for royalty payments.
He said some were bedridden and despondent, with current economic realities making life more difficult for them.
“Over the years, our pension payments started with our defunct organization before the separation which has now led to us being taken over by Nigerian Electricity Liability Management Company (NELMCO).
”Now, NELMCO handled our pension for about three years and turned it over to PTAD, which took over in July 2014, and since then our accrued arrears of entitlements have not been paid.
”We’ve done separate writing and presentations; we decided to picket this office for the second time: the last time was March 11, 2021 and now, May 5 due to the fact that the issues raised have not been addressed by PTAD.
“They have refused to address these issues with many of our retirees dead and the rest of us unable to meet our financial responsibilities at home,” he said. Source (NAN)
PTAD on the day of the protest issued a statement titled Clarification on the Applicability of 33% Pension Increase to the Ex-PHCN Retirees, which you can read HERE
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