Pensioners picket Finance Ministry over unpaid pensions

Federal Government pensioners have protested at the headquarters of the Ministry of Finance over unpaid accrued rights.

National Chairman of the National Union of Contributory Pensioners, Comrade Sylva Nwaiwu, who led the senior citizens to the Ministry, called for the immediate payment of their accrued rights.

DAILY POST reports that accrued rights refer to the pension entitlements under the old scheme before the introduction of the Contributory Pension Scheme by the Federal Government in 2004.

By the Pension Act, all pension entitlements before 2004 were meant to be paid to the Pension Fund Administrators, PFAs, of each Federal Government worker upon retirement.

Nwaiwu, however, said many of the pensioners who retired since 2003 were yet to have such entitlements paid to their PFAs by the Federal Government.