The Tinubu Media Volunteers (TMV) has described the settlement of N39bn pension arrears of former staff of NITEL, PHCN and others under the defined benefit scheme as not only historical but commendable.
In a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, the group noted that the move is commendable considering that those arrears have been outstanding for more than two decades.
The statement read in part, “We note that the non-payment of the pensions had over the years subjected the pensioners to untold hardship. It is acknowledged that the payment will also cover pensioners under the Defined Benefit Scheme (DBS).
“There is no doubt that this backlog of pension arrears had become a source of concern, not only to the pensioners and their immediate families, but also an embarrassment to the country.
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“We believe that workers who have devoted their young and productive age to serve the country should be remunerated as and when due, as this will inspire upcoming generations to contribute meaningfully to national development.
“The approval also demonstrates the federal government’s commitment to the welfare of workers and protection of the dignity of labour.
“We note that the payments reflect the federal government’s determination to ensure that under President Bola Tinubu’s administration, pensioners receive their entitlements promptly.
“It is further noted that much of the pension arrears were inherited by the present administration and, in the spirit of the Renewed Hope Agenda, all outstanding pension arrears are being settled, thereby bringing a new lease of life to public service.”
The group added that it represents another milestone in the federal government’s efforts to improve the welfare of retirees and strengthen confidence in the pension administration under the Tinubu administration.
