Revert To Old Pension Scheme, Retirees Tell FG

[Shola Sholaz]

Some retirees from the Nnamdi Azikiwe University in Awka have urged the Federal Government to revert to the old system of pension scheme which ensures a substantial payment of gratuity.
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The group, who are mostly junior staff and comprising retirees from 2007 to date, made the demand in a statement on Tuesday signed by their chairman, Mr Patrick Okafor.
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They said  the present pension scheme was not favourable to them.
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The retirees added that a greater number of them had passed away due to lack of money.
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"The new pension scheme allows pension managers to pay retirees only half of his or her gratuity, while the other half is kept with the managers.
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"The only advantage the new scheme has is that retirees receive their money as at when due, while in the old system the retirees receive a substantial amount of money as gratuity.

[Folami David]

Federal Government are really under pressure right now because it looks like so many are not happy with them so far ,,,,,