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FG Releases N14.9bn For Retirees’ Accrued Rights - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Releases N14.9bn For Retirees’ Accrued Rights (12945 Views)

Lagos Pays ₦14.2 Billion Accrued Pension Rights To 3,494 Retirees / Federal Government Approves $3.9bn For Warri Seaport / Anger As FG Recalls N14.9bn Paris Club Refund From Benue (2) (3) (4)

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Re: FG Releases N14.9bn For Retirees’ Accrued Rights by munachiso58(m): 8:41pm On Aug 24, 2020
releasing money is good

following it up to make sure it gets to the poeple its meant for is better.
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by IgboSomalia: 8:43pm On Aug 24, 2020
GamalNasser, come and insult Buhari. Pensioners have been paid. It includes military pensioners.

1 Like

Re: FG Releases N14.9bn For Retirees’ Accrued Rights by GamalNasser: 8:53pm On Aug 24, 2020
IgboSomalia:
GamalNasser, come and insult Buhari. Pensioners have been paid. It includes military pensioners.

My father and father in-law have confirmed receipt so it's true

1 Like 1 Share

Re: FG Releases N14.9bn For Retirees’ Accrued Rights by Equity15(m): 9:04pm On Aug 24, 2020
NaijaOlosho:
Watch as the money is been looted cheesy
no be everything be loot na..na so una go see FG job and not apply say Dem don take slots..stop being overly pessimistic.

btw, my dad is a beneficiary and many other of his friends I know. stay blessed
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by BreconHills(m): 9:05pm On Aug 24, 2020
freshkpomo:
Verdict: Anybody that brings any old man that ought to be retired for us to vote as president will run mad from Lagos to Chad.


Isèéè

There is no implicit value in simply being a young leader. What we want are good leaders irrespective of their age. No one should should be discriminated against on the basis of age, gender or tribe.

You need not become your "oppressor" in order to make a point.

1 Like

Re: FG Releases N14.9bn For Retirees’ Accrued Rights by Equity15(m): 9:05pm On Aug 24, 2020
GamalNasser:


My father and father in-law have confirmed receipt so it's true
same here. na ex service men dey enjoy this man.

2 Likes

Re: FG Releases N14.9bn For Retirees’ Accrued Rights by labiola: 9:15pm On Aug 24, 2020
Guyman02:
Don't be deceived by the above claims. Mrs Chinelo Amazu-Anohu left N7trn in the coffers of PENCOM as DG, she resisted every effort by PDP to use that money to run 2015 elections because it belongs to Pensioners and she doesn't want any delays in settling their pensions and gratuity.

In 2016 Fashola requested that the funds should be borrowed and used for infrastructure projects which she resisted. The president was informed and convinced that the money should be used. When Mrs Chinelo refused to oblige she was fired and replaced by one Hajia who opened the coffers of the pension fund.
Now the N7trn pension fund is exhausted with additional borrowing from China. Payments of pensions now comes in trickles and is done in batches based on revenue from taxes.
I am saying this because I have been pursuing pension for the past 4 years since Mrs Chinelo Anohu who is currently an Executive Director at African development bank was sacked by Buhari and engaged by Adeshina into AfDB

Many Nigerians will realise the enormity of the damage already done to the reforms by previous administration when it's time to get their pensions either for themselves or deceased relatives

This your position is not true. Stop saying things you have knowledge of. Mrs Chinelo Ahohu was DG from 2012 till 2017. She completed her term and she was not given another term. Federal govt has been paying accrued right just like Lagos state. On the 7trillion you claimed the govt borrowed, pension fund has always being invested in Govt Securities, Money market and the rest. Hope you know about Suku Bond, that is infrastructure bond. PMB has not borrowed Pension Fund and there is nothing wrong with Pension industry. As a matter of fact ,that industry is one of the most regulated industry in Nigeria.

By the way, can you share the issue you have with your pension, may will I can guide you.

5 Likes

Re: FG Releases N14.9bn For Retirees’ Accrued Rights by ICEWIN: 9:24pm On Aug 24, 2020
Of cuz.
check 10k x 10million retire govt wrka u will know why always is billion (mind u we hav more than 10m retired federal govt wrka all round)

Amspecial:
na wa everything in this country na billions billions yet we no day see or feel the corresponding effect.
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by vivavik(f): 9:26pm On Aug 24, 2020
I hope to God you people would pay my retired railway officer dad all his pension and gratuities owed, it's about time jor
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by freshkpomo(m): 9:30pm On Aug 24, 2020
BreconHills:


There is no implicit value in simply being a young leader. What we want are good leaders irrespective of their age. No one should should be discriminated against on the basis of age, gender or tribe.

You need not become your "oppressor" in order to make a point.

Difference between a young and old leaders is that the old live for the now and the young live for the future... These same set of leaders once ruled us when they were younger and things were not this bad.. I quite agree with you that age does not really determine stuffs, but to some extent these folks have failed us..
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by ICEWIN: 9:31pm On Aug 24, 2020
Mind u,say what u are sure of not what the internet said or people saying.
if govt call u to bring evidence on this your claim can you??
do your research properly plz.
if u have been following then u have a wrong lead or nitche.
Guyman02:
Don't be deceived by the above claims. Mrs Chinelo Amazu-Anohu left N7trn in the coffers of PENCOM as DG, she resisted every effort by PDP to use that money to run 2015 elections because it belongs to Pensioners and she doesn't want any delays in settling their pensions and gratuity.

In 2016 Fashola requested that the funds should be borrowed and used for infrastructure projects which she resisted. The president was informed and convinced that the money should be used. When Mrs Chinelo refused to oblige she was fired and replaced by one Hajia who opened the coffers of the pension fund.
Now the N7trn pension fund is exhausted with additional borrowing from China. Payments of pensions now comes in trickles and is done in batches based on revenue from taxes.
I am saying this because I have been pursuing pension for the past 4 years since Mrs Chinelo Anohu who is currently an Executive Director at African development bank was sacked by Buhari and engaged by Adeshina into AfDB

Many Nigerians will realise the enormity of the damage already done to the reforms by previous administration when it's time to get their pensions either for themselves or deceased relatives
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by Bakerdav: 9:36pm On Aug 24, 2020
Is the money for the 33% increment?
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by BreconHills(m): 9:41pm On Aug 24, 2020
freshkpomo:


Difference between a young and old leaders is that the old live for the now and the young live for the future... These same set of leaders once ruled us when they were younger and things were not this bad.. I quite agree with you that age does not really determine stuffs, but to some extent these folks have failed us..

Certainly there has been leadership failure at all levels but this failure was not on account of age; the founding fathers were not old men when they entered leadership. Gowon and Ojukwu and the people surrounding them were very young men in 1966.

Everyone young and old must own our failures through act or omission. Fela Durotoye stood in the last election and the young did not vote for him - rather they voted their tribal prejudices.

We are our own worst enemies - listen to the conversations here on NL - one can see that the tribal prejudices of the Fathers multiplied in the children.

The more things change, the more they remain the same.

4 Likes

Re: FG Releases N14.9bn For Retirees’ Accrued Rights by 180263: 9:54pm On Aug 24, 2020
Guyman02:
Don't be deceived by the above claims. Mrs Chinelo Amazu-Anohu left N7trn in the coffers of PENCOM as DG, she resisted every effort by PDP to use that money to run 2015 elections because it belongs to Pensioners and she doesn't want any delays in settling their pensions and gratuity.

In 2016 Fashola requested that the funds should be borrowed and used for infrastructure projects which she resisted. The president was informed and convinced that the money should be used. When Mrs Chinelo refused to oblige she was fired and replaced by one Hajia who opened the coffers of the pension fund.
Now the N7trn pension fund is exhausted with additional borrowing from China. Payments of pensions now comes in trickles and is done in batches based on revenue from taxes.
I am saying this because I have been pursuing pension for the past 4 years since Mrs Chinelo Anohu who is currently an Executive Director at African development bank was sacked by Buhari and engaged by Adeshina into AfDB

Many Nigerians will realise the enormity of the damage already done to the reforms by previous administration when it's time to get their pensions either for themselves or deceased relatives


Why was she holding it back and did not pay as at when due?
That would have made her free of all encumberances.

1 Like

Re: FG Releases N14.9bn For Retirees’ Accrued Rights by IgboSomalia: 9:59pm On Aug 24, 2020
GamalNasser:

My father and father in-law have confirmed receipt so it's true

Good one. Make Nigeria great again with Buhari.

1 Like

Re: FG Releases N14.9bn For Retirees’ Accrued Rights by Guyman02: 10:11pm On Aug 24, 2020
labiola:


This your position is not true. Stop saying things you have knowledge of. Mrs Chinelo Ahohu was DG from 2012 till 2017. She completed her term and she was not given another term. Federal govt has been paying accrued right just like Lagos state. On the 7trillion you claimed the govt borrowed, pension fund has always being invested in Govt Securities, Money market and the rest. Hope you know about Suku Bond, that is infrastructure bond. PMB has not borrowed Pension Fund and there is nothing wrong with Pension industry. As a matter of fact ,that industry is one of the most regulated industry in Nigeria.

By the way, can you share the issue you have with your pension, may will I can guide you.

She did not complete her tenure, you are the one spinning the story

https://www.google.com/amp/s/www.vanguardngr.com/2017/04/pencom-dgs-sack-staff-allege-non-conformance-pension-reform-act-threaten-showdown/amp/
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by Guyman02: 10:12pm On Aug 24, 2020
labiola:


This your position is not true. Stop saying things you have knowledge of. Mrs Chinelo Ahohu was DG from 2012 till 2017. She completed her term and she was not given another term. Federal govt has been paying accrued right just like Lagos state. On the 7trillion you claimed the govt borrowed, pension fund has always being invested in Govt Securities, Money market and the rest. Hope you know about Suku Bond, that is infrastructure bond. PMB has not borrowed Pension Fund and there is nothing wrong with Pension industry. As a matter of fact ,that industry is one of the most regulated industry in Nigeria.

By the way, can you share the issue you have with your pension, may will I can guide you.

She did not complete her tenure, you are the one spinning the story

https://www.google.com/amp/s/www.vanguardngr.com/2017/04/pencom-dgs-sack-staff-allege-non-conformance-pension-reform-act-threaten-showdown/amp/

https://www.witnessngr.com/dss-raids-pencom-office-arrest-recently-sacked-dg-chinelo-anohu-amazu-reasons-yet-unknown/
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by Greensquard(m): 10:21pm On Aug 24, 2020
OdogwuBlog:
The Federal Government has released N14.92bn for the payment of accrued rights for retirees under the Contributory Pension Scheme.

The National Pension Commission disclosed this on Monday in a statement entitled, “FG releases N14.92bn for accrued rights for CPS retirees.”

“This amount will cover four months arrears,” it stated.

The statement said, “The accrued pension rights represent an employee’s benefits for the past years of service up to June 2004, when the Pension Reform Act that birthed the CPS, came into effect.

“The commission appreciates the effort of the Federal Government at ensuring that the accrued rights arrears are cleared, and thanks the affected retirees of the Treasury-Funded Agencies for their patience.”

Source: https://punchng.com/fg-releases-n14-9bn-for-retirees-accrued-rights/


When will the pay old NITEL staff that they have been oweing for years?abi una no wan pay them their money?
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by Nobody: 11:07pm On Aug 24, 2020
francisbarrack:
may they receive there money in good health... they deserve more.
Amen
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by iswallker(m): 11:08pm On Aug 24, 2020
Guyman02:
Don't be deceived by the above claims. Mrs Chinelo Amazu-Anohu left N7trn in the coffers of PENCOM as DG, she resisted every effort by PDP to use that money to run 2015 elections because it belongs to Pensioners and she doesn't want any delays in settling their pensions and gratuity.

In 2016 Fashola requested that the funds should be borrowed and used for infrastructure projects which she resisted. The president was informed and convinced that the money should be used. When Mrs Chinelo refused to oblige she was fired and replaced by one Hajia who opened the coffers of the pension fund.
Now the N7trn pension fund is exhausted with additional borrowing from China. Payments of pensions now comes in trickles and is done in batches based on revenue from taxes.
I am saying this because I have been pursuing pension for the past 4 years since Mrs Chinelo Anohu who is currently an Executive Director at African development bank was sacked by Buhari and engaged by Adeshina into AfDB

Many Nigerians will realise the enormity of the damage already done to the reforms by previous administration when it's time to get their pensions either for themselves or deceased relatives

https://www.witnessngr.com/dss-raids-pencom-office-arrest-recently-sacked-dg-chinelo-anohu-amazu-reasons-yet-unknown/

Show documents to prove - or its audio borrowing.. undecided
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by iswallker(m): 11:17pm On Aug 24, 2020
vivavik:
I hope to God you people would pay my retired railway officer dad all his pension and gratuities owed, it's about time jor

Is he a contributory pension retiree - post 2004 - or he retired in the old scheme - pre 2004.

This news affects the earlier group.

The later group have collected thier gratuities and are being paid monthly pension.
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by iswallker(m): 11:20pm On Aug 24, 2020
OdogwuBlog:
The Federal Government has released N14.92bn for the payment of accrued rights for retirees under the Contributory Pension Scheme.

The National Pension Commission disclosed this on Monday in a statement entitled, “FG releases N14.92bn for accrued rights for CPS retirees.”

“This amount will cover four months arrears,” it stated.

The statement said, “The accrued pension rights represent an employee’s benefits for the past years of service up to June 2004, when the Pension Reform Act that birthed the CPS, came into effect.

“The commission appreciates the effort of the Federal Government at ensuring that the accrued rights arrears are cleared, and thanks the affected retirees of the Treasury-Funded Agencies for their patience.”

Source: https://punchng.com/fg-releases-n14-9bn-for-retirees-accrued-rights/

4 months up to what month exactly - the news is nkt complete.. undecided
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by earnit5: 11:51pm On Aug 24, 2020
really
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by OyinO: 12:02am On Aug 25, 2020
A government that remembers pensioners and seeks to improve their welfare is the best so far in Nigeria.
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by AkwaIbomMan(m): 12:06am On Aug 25, 2020
Guyman02:
Don't be deceived by the above claims. Mrs Chinelo Amazu-Anohu left N7trn in the coffers of PENCOM as DG, she resisted every effort by PDP to use that money to run 2015 elections because it belongs to Pensioners and she doesn't want any delays in settling their pensions and gratuity.

In 2016 Fashola requested that the funds should be borrowed and used for infrastructure projects which she resisted. The president was informed and convinced that the money should be used. When Mrs Chinelo refused to oblige she was fired and replaced by one Hajia who opened the coffers of the pension fund.
Now the N7trn pension fund is exhausted with additional borrowing from China. Payments of pensions now comes in trickles and is done in batches based on revenue from taxes.
I am saying this because I have been pursuing pension for the past 4 years since Mrs Chinelo Anohu who is currently an Executive Director at African development bank was sacked by Buhari and engaged by Adeshina into AfDB

Many Nigerians will realise the enormity of the damage already done to the reforms by previous administration when it's time to get their pensions either for themselves or deceased relatives

https://www.witnessngr.com/dss-raids-pencom-office-arrest-recently-sacked-dg-chinelo-anohu-amazu-reasons-yet-unknown/
this sounds like a propaganda
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by AkwaIbomMan(m): 12:09am On Aug 25, 2020
labiola:


This your position is not true. Stop saying things you have knowledge of. Mrs Chinelo Ahohu was DG from 2012 till 2017. She completed her term and she was not given another term. Federal govt has been paying accrued right just like Lagos state. On the 7trillion you claimed the govt borrowed, pension fund has always being invested in Govt Securities, Money market and the rest. Hope you know about Suku Bond, that is infrastructure bond. PMB has not borrowed Pension Fund and there is nothing wrong with Pension industry. As a matter of fact ,that industry is one of the most regulated industry in Nigeria.

By the way, can you share the issue you have with your pension, may will I can guide you.
you're very right.
I've already countered him, it's a propaganda
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by aspiring44: 3:09am On Aug 25, 2020
LandMann:
It will be easing to blast govt for owing civil servants who labour most of their life to keep the government running but never owe themselves.

I won't because they are all thieves and part and parcel of the group who have brought Nigeria to its deplorable state.

Civil servants are as corrupt as politicians... The only difference is that they are not voted into office. They're the ones who facilitate the corruption being perpetrated by politicians... Especially those that work in Budget, Accounting and procurement. All thieves.

Start hanging them and see Nigeria change.

Until then, we will keep suffering and smiling


Very true .

1 Like

Re: FG Releases N14.9bn For Retirees’ Accrued Rights by ChemicalReaction(f): 8:58am On Aug 25, 2020
labiola:


This your position is not true. Stop saying things you have knowledge of. Mrs Chinelo Ahohu was DG from 2012 till 2017. She completed her term and she was not given another term. Federal govt has been paying accrued right just like Lagos state. On the 7trillion you claimed the govt borrowed, pension fund has always being invested in Govt Securities, Money market and the rest. Hope you know about Suku Bond, that is infrastructure bond. PMB has not borrowed Pension Fund and there is nothing wrong with Pension industry. As a matter of fact ,that industry is one of the most regulated industry in Nigeria.

By the way, can you share the issue you have with your pension, may will I can guide you.
I had to quote you.
Please, can I send a PM? I'd need guidelines on sorting my Dad's if you wouldn't mind..
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by ChemicalReaction(f): 9:10am On Aug 25, 2020
iswallker:


Is he a contributory pension retiree - post 2004 - or he retired in the old scheme - pre 2004.

This news affects the earlier group.

The later group have collected thier gratuities and are being paid monthly pension.
Could you throw more light on this..

My Dad's is post 2004 yet neither Pension nor Gratuity has been paid since 2017.
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by labiola: 10:19am On Aug 25, 2020
ChemicalReaction:
I had to quote you.
Please, can I send a PM? I'd need guidelines on sorting my Dad's if you wouldn't mind..

Go ahead, pls note I am not a Pencom official, but I work in the industry so I have "small " knowledge of the industry
Re: FG Releases N14.9bn For Retirees’ Accrued Rights by atobs4real(m): 11:09am On Aug 25, 2020
sw:
Audio money as usual
it is real. i have some one who received last year and Buhari promised to pay the balance this year.

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