NLC Lauds Soludo For Intervention In Contributory Pension Scheme Crisis

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The organized labour has praised Governor Chukwuma Soludo for intervening and investigating the protracted crisis that rocked the contributory pension scheme in the state.

Speaking through the State Chairman of Nigeria Labour Congress, NLC, Comrade Humphrey Nwafor in Awka, during a one-day sensitisation seminar on the overview of the contributory pension scheme in the state, the group revealed that for six years from 2014, five percent of workers’ salaries were deducted monthly under the Contributory Pension Scheme, yet the funds were not remitted to the Pension Fund Administrators; while government also failed to pay its statutory ten percent contribution while continuing the deduction from workers’ salaries.

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He said the organized labour, therefore, demanded the immediate suspension of these deductions which received favorable response from the Soludo administration.

The Anambra State Head of Service, Barrister Theodora Igwegbe, who spoke through the Permanent Secretary of Finance in her office, Mr. Chinedu Achor, assured of government’s commitment to resolving all bottlenecks in the scheme.

The Director General, National Pension Commission, Omolola Oloworaran, who spoke through the Head, South East Zonal office, Ms Chiadi Nnoka, said the benefit of the contributory pension scheme to state governments are financial security and investment opportunities.

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