NLC FAULTS PLANS TO AMEND PENSION ACT

A National Executive Committee member of the Nigerian Labour Congress (NLC), Issa Aremu has called on lawmakers to reject the private bill seeking to exclude selected members of Nigeria Security, Para-Military and other related Institutions from Contributory Pensions Scheme.

He said the bill if passed, will return Pensioners to the dark days of non-payment of Pensions because those pushing for the exemption have vested interest and cannot do justice to all parties concerned.

He said Pensions of the nation’s working men and women in the security services are better secured in the new Contributory Pension Scheme than the old unfunded and unsustainable Defined Benefits Scheme (DBS).

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