athaboi:
These are beautiful policies and programs initiated by His Excellency Olusegun Aremu Obasanjo, people that have ideas upstairs... up till today, I can't figure out why people are shouting BUHARI BUHARI up and down...he's no different from an average Nigeria politician, He has just sent a request for approval of 10billion naira for kogi state to repay them for federal govt projects they executed.. kogi state executed fed govt projects How, when, where? They want to rig/buy votes in kogi election. I pity those that will be killed that day

@athaboi
Do you know that you're a beneficiary of divine blessing! God will continue to bless you.

I share your opinion.
The payment of that loan very close to election, is that not tantamount to votes buying? a typical example of tradermonies handled, unfortunately by a pastor, in the person of Osinbajo towards general election in March, but today we hardly hear anything again.

So, Brother! You are on point!

koolbe:
In 6 years of working for a gvt Agency, my salary has been debited for pension without d money paid into my pension account. Criminals everywhere

Luciferlove:


Cool, thanks for the info bro

Do you have a pension account? If yes, meet your Pension desk Officer in your organization or the Accountant. That'll be sorted out.

Luciferlove:
If we have such huge amount, why then is our daddies not getting paid their pensions or am i missing something

Bro, you daddies are not under this scheme, everyone under this scheme get paid in line with the scheme rules.. Its as easy as withdrawing ur money from gt bank

allthingsgood:


U are a joker. Idle funds indeed. That's people's savings for retirement. Abeg no invest anything we no wan hear story

without investing it the value erodes. Over 70% of that money is invested with govt thru tbills and bonds

Royalfurnitures:
Then why are pensioners still being owed? Propaganda govt



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not the same pensions scheme.

ednut1:
without investing it the value erodes. Over 70% of that money is invested with govt thru tbills and bonds

So wen u keep ur money inside bank without spending, does the value erode Stop talking trash

solmusdesigns:
I hope they invest it to meaningful sector of the economy

Invest with people's money?

No one should invest my hard earned pension in any risky business o. Except thunder go fire una, in case of story that touch heart o. Be guided.

So you dont know they invest peoples money in thier RSA and pay them the intrest or gain as monthly pension

RoyalHighness7:

Invest with people's money?

ednut1:
now 12% employer 8% employee

That’s cool. I Hope the employers are remitting promptly and fully.

allthingsgood:


So wen u keep ur money inside bank without spending, does the value erode Stop talking trash

financial zombie. Pension is due in 30 years or more. 10,000 in 2009 and 10,000 now are they the same value So many dullards on nairaland. Read up about time value of money

ednut1:
now 12% employer 8% employee

10% employer, 8% employee

ifeanyija:
10% employer, 8% employee

corrected

ednut1:
financial zombie. Pension is due in 30 years or more. 10,000 in 2009 and 10,000 now are they the same value So many dullards on nairaland. Read up about time value of money

U know u didn't have to insult me to make a point. I will now report u. Byeee

...

Including the one with Maina?

Dewze:
If they have this much money, why are they still refusing to pay retired police officers their pension?

My mum retired since July last year and she has still not been paid, no insurance payment, no pension payment, nothing.

Pension Transitional Directorate(PTAD) oversees police pension payments.

Luciferlove:
If we have such huge amount, why then is our daddies not getting paid their pensions or am i missing something

do you believe those lies? Tell her to bring out the money to pay retirees, you hear another story

This is huge asset but with all this some pensioners are still waiting endlessly for their benefits while some have died in waiting.

Dewze:
If they have this much money, why are they still refusing to pay retired police officers their pension?

My mum retired since July last year and she has still not been paid, no insurance payment, no pension payment, nothing.

naijadrivablog:
Ate you paying Pensioners as at when due

Bakerdav:
I don't think so because there are some pensioners with salary till date and some other benefits like 33%,shortfall

daddytime:
So so trillions yet, pensioners dey languish in penury.

Dem for kukuma allow pensioners dey draw their money alongside their salary every month while still active so as not to enrich cursed thieves like Maina.

Luciferlove:
If we have such huge amount, why then is our daddies not getting paid their pensions or am i missing something

enemyofprogress:
do you believe those lies? Tell her to bring out the money to pay retirees, you hear another story

It’s for future pensions liabilities, not past ones...
It’s a contributory savings scheme, so current workers are saving now (through monthly contributions) for their future pensions.
>

see money

allthingsgood:


So wen u keep ur money inside bank without spending, does the value erode Stop talking trash

dont you know? time value of money. 1000 naira left in the bank idle for ten years will be worthless due to inflation.

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ednut1:
without investing it the value erodes. Over 70% of that money is invested with govt thru tbills and bonds

allthingsgood:
So wen u keep ur money inside bank without spending, does the value erode Stop talking trash

Sadly, YES...
Unless it is earning interest HIGHER than the rate of inflation, the values of the money sitting in your bank account erodes everyday!
>

aolawale025:
Great. Ideally that's idle funds that could be invested in a way to spur economic development

preshdoh:
I'm concerned about what they'll do with the money

solmusdesigns:
I hope they invest it to meaningful sector of the economy

There are VERY STRICT investment guidelines...
Because these are essentially people’s live savings.

For instance, only a very small percentage can be invested in equities (in the stock market)...
Accordingly, most of these funds ends up in Sovereign Bonds, treasury bills, etc., with high-yields and sovereign guarantees.
>

Dewze:
If they have this much money, why are they still refusing to pay retired police officers their pension?

My mum retired since July last year and she has still not been paid, no insurance payment, no pension payment, nothing.

her accrued right have not been paid by govt yet, i.e the amount of money she have before the introduction of contributry pension is still with the federal govt

RichDad1:

Most of our daddies did not practice this type of pension. The solely rely on the government for their pension.
This one was introduced during OBJ regime and it’s called contributing pension scheme. Whereby both employees and employees pay 7.5% each into the Pension scheme account.

it 8% by employer and 10% by employee

RichDad1:

Most of our daddies did not practice this type of pension. The solely rely on the government for their pension.
This one was introduced during OBJ regime and it’s called contributing pension scheme. Whereby both employees and employees pay 7.5% each into the Pension scheme account.

So what's the difference between employees and employees as you had typed?

[quote author=koolbe post=83176734]In 6 years of working for a gvt Agency, my salary has been debited for pension without d money paid into my pension account. Criminals everywhere [/quoteif

visit your ippis desk officer to input your pension pin number to the platform