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Home»News»COPRAN Writes Tinubu, Others, Says Contributory Pension Scheme Worsening Retirees’ Woes
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COPRAN Writes Tinubu, Others, Says Contributory Pension Scheme Worsening Retirees’ Woes

National RecordBy National RecordAugust 28, 2024Updated:August 28, 2024No Comments2 Mins Read
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By Peter Amine

THE CORRECTIONAL Officers PenCom Retirees Association of Nigeria (COPRAN), says the Contributory Pension Scheme (CPS) scheme being regulated by the National Pension Commission (PenCom) is worsening the challenges of retirees.

COPRAN, in a petition to President Bola Tinubu, Senate President, Speaker House of Representatives, Minister of Labour, and National Human Rights Commission (NHRC), among others, said that pensioners were starved of their funds by Pension Fund Administrators (PFAs) after retirement.

The president of COPRAN, Plateau Command, Mr Anthony Ayiwulu, said that the CPS policy, although made in good faith, has caused more harm than good to the public servant retirees, who were also called senior citizens.

Ayiwulu said that there was an urgent need for the policy to be changed or reviewed for the common good and betterment of those concerned and for an effective result. He said after 35 years of diligent, selfless service to one’s nation, all one has to show for it is owed gratuities and the inability to provide one’s basic needs and even the needs of one’s family.

“The Nigerian Army sought out of the PenCom scheme and their request was granted because the scheme only created untold hardship in the lives of retired servicemen.

“In the current situation of the country with rate of inflation, retirees have a lot of bills to pick including taking care of their health.

“There should exist a spirit of fairness in the nation’s dealings with its citizens and in the payment of civil, public servants and retirees promptly, would help them cope with retirement,” he said.

He said that the senior citizens were yet to receive any palliative to mitigate the harsh economic situation in the country.

According to him, senior citizens under PenCom were asked to submit their information through their various PFAs, but up to now there has been no positive response. (NAN)

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Contributory Pension Scheme COPRAN Others retirees woes worsening
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