The Contributory Pensioners Union of Nigeria (CPUN) have called on the National Pension Commission (PenCom) to pay the backlog of pension entitlements as promised by the Federal Government to all categories of contributory pensioners.
This is coming on the heels of the announcement by PenCom in February this year, to float N758billion Bond for the purpose of offsetting pension liabilities under the Contributory Pension Scheme (CPS).
The contributory pensioners under the CPUN said they have been waiting patiently but the payment has not been made.
They lamented that many of their members have died without being paid their benefits, crying that they want to receive theirs while alive.
The Chairman, Prince Akingbade Ajibade, made this known in Communiqué arising from the deliberations of Ibadan branch on the situation of the impending payments of backlog of pension entitlements as promised by the Federal Government to all categories of contributory pensioners.
Ajibade also called for a revisit of the issue of palliative allowance of N32,000 which the President ordered to be paid to existing pensioners.
He said: “”Members received with utmost appreciation, the Federal Government, through President Bola Ahmed Tinubu on the historic relief to wipe out the outstanding pension backlog of the contributory pensioners as published in The Nation issue on Wednesday, February 19th, 2025.
He said: “In that instance, the Federal Government had consequently committed a huge amount of N758billion Bond for this purpose, which was additionally intended to clear all pension increases since 2007 till date -a backlog that burdened retirees in contributory counterparts for over a decade.
“These included 15per cent, and 33 per cent and the consequential allowances of salary increase till date, a fulfillment of which only our PTAD counterparts had been enjoying since whenever salaries increase. Our members equally underscored all government’s efforts in collaboration with the Debt Management Office (DMO) in this regard up to date.
“Furthermore, contributory pensioners are all the same, very expectant of the palliative promised by President Tinubu. The issue of the palliative allowance of N32,000 should be resolved and paid to existing pensioners.
“Even though the issue of the payment of gratuity as enshrined in the old pension regime had been another naughty issue being pursued by our national body, we are all the same hopeful that pensioners too will very soon be happy that they served their fatherland meritoriously”, he added.
