Pension News

Retired Correctional Officers agitates to leave Contributory Pension Scheme

A group of Nigeria Correctional Service retired officers has called on President Muhammadu Buhari, to exclude them from the Contributory Pension Scheme. The group, under the auspices of the Retired Correctional Officers, said they were ready to pull out of the contributory pensions scheme.

This was disclosed in a statement issued by the coordinator of the group, Mr Abidakun Olusanya, in Akure, the Ondo State capital on Tuesday.

In the statement, the group appealed to the Senate President, Ahmed Lawan, and the Speaker House of Representatives, Mr Femi Gbajabiamila, to set every machinery in motion towards putting in place a law that will remove the retired correctional officers from the contributory pension scheme.

The group said, “After 35 years of meritorious services, we were subjected to untold hardship, financial kwashiorkor and perennial psychological torture under the Contributory Pensions Scheme at present and we expressed our desire to pull out of the scheme on the ground of marginalization, discrimination and unequal treatment on the payment of our pensions and other retirement benefits.

“For example, we observed that our counterparts who are exempted from the Contributor Pension Scheme received fatter monthly take home while some of us as a Chief Superintendent of Correction Service received as low as N43,000 as monthly pension.

“While our counterparts in the military and DSS receive over N200,000 as monthly take home all because they have pulled out of the contributory pensions scheme. Returning us to the old scheme (defined benefit scheme) will reduce our suffering and hardship which we are subjected to by the reason of the said Contributory Pensions Scheme.”

Support PensionNigeria financially with N1,000 per Month HERE, or with any amount HERE
Empower us to do more independent analysis of the Pension Industry in Nigeria


Subscribe to PensionNigeria Daily News Broadcast on WhatsApp, just send “Subscribe” to 08160052802, PLEASE ensure you also save 08160052802 to your contacts as “PensionNigeria” to enable you receive the PensionNigeria News Broadcast.

Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening.
If you have subscribed before and you still do not receive our Newsletter, please check your “Spam Folder”, if you find our Newsletter there, mark it as “NOT SPAM” or move it to your Inbox

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube

error: Content is protected.