NAHCO Retirees Seek Special Consideration in N758bn Pension Fund

Retirees of the Nigerian Aviation Handling Company (NAHCO) have called on the federal government and pension administrators to grant them special consideration in the disbursement of the N758 billion pension fund. The retirees argue that they have been sidelined in previous allocations and are facing financial hardships due to delays in accessing their entitlements.

Speaking on behalf of the retirees, a spokesperson highlighted the challenges many former NAHCO employees face, including rising healthcare costs, inflation, and the inability to sustain their livelihoods. They emphasized that after years of dedicated service to the aviation industry, they deserve fair access to pension benefits that would enable them to live comfortably in retirement.

The N758 billion pension fund, managed by the National Pension Commission (PenCom), is meant to provide financial security for retirees across various sectors. However, concerns have been raised about the equitable distribution of funds, with some pensioners claiming that bureaucratic bottlenecks have prevented them from receiving their dues. NAHCO retirees are urging the government to address these issues by ensuring that funds are allocated in a manner that reflects the contributions and needs of all pensioners, including those in the aviation sector.

In response, pension administrators have assured stakeholders that efforts are being made to improve the disbursement process and resolve outstanding claims. They acknowledged the concerns raised by NAHCO retirees and promised to review their requests within the framework of existing pension regulations. Meanwhile, retirees continue to push for immediate action, stressing that delays in accessing their pensions are worsening their financial struggles.

The call for special consideration highlights broader concerns about the effectiveness of Nigeria’s pension system and the need for reforms to ensure that all retirees receive their entitlements without unnecessary obstacles. As discussions continue, NAHCO retirees hope that their appeals will be met with a fair and timely resolution.