By Festus Ahon

ASABA—PENSIONERS in Delta State, yesterday, stormed the state Labour House in protest,  accusing some Pension Fund Administrators, PFAs and the Bureau for Pensions of short-changing and denying them their entitlements.

Decrying the poor management of funds from the state Contributory Pension Scheme, CPS, the pensioners, under the aegis of Association of Contributory Retirees, ACR, called on the Federal Government to beam searchlights on the operations of the scheme in the state.

Vice chairman of the association, Mr. Anthony Osanekwu, who led the protest, also accused the Pension Commission, PENCOM, of turning a blind eye to the antics of the government and its agents against pensioners.

Osanekwu alleged that though the first batch of pensioners under the scheme retired in 2010, the state  government used the 2008 salary structure to calculate their terminal benefits, instead of the 2010/2011 structures.

He said that despite the wrong calculation, government decided to pay retirees 25 percent of their entitlements, instead of at least 50 percent.
















Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.