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Delta reads riot act to PFAs, PFCs

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By Festus Ahon

DELTA State Government has read a riot act to Pension Fund  Administrator, PFA, Pension Fund Custodians, PFCs, and Insurance companies operating in the state , saying it will not tolerate any form of sabotage from them.

The government made its stance known at a meeting with PFAs, PFCs, and Insurance companies operating in the state, aimed at ameliorate the sufferings of pensioners in the state.

The meeting which was held at the instance of the state Bureau for State Pension, BSP, had in attendance representatives of the affected organisations.

Speaking during the meeting, Chairman of the BSP, Mrs Christiana Siakpere warned that any PFA that deliberately delays payment to retirees after funds had been released to it by the  Bureau, would be sanctioned.

She said they  agreed on new strategies to deepen the operations of Contributory Pension Scheme, CPS, in the state, declaring that the Bureau would not tolerate any form of sabotage from the PFAs.

Siakpere in a statement by the Public Relations Officer, PRO of the Bureau, Mr. Toju Oteri, told PFAs to always put the interest of workers and pensioners above other considerations.

Also, the Executive Secretary of the Bureau, Mr Chuks Aguoye according to the statement, berated some PFAs for delaying  the release of funds to retirees whenever payments were made by the state government for  disbursement to the pensioners.

Aguoye stressed the need for the PFAs to justify government’s goodwill in the steady release of funds for the payment of outstanding pension liabilities.

Pensioners in the state had few months ago accused PFAs and the BSP of short-changing and denying them of their entitlements, decrying the poor management of funds from the tate CPS.

The pensioners under the aegis of Association of Contributory Retirees, ACR   called on the Federal Government to beam its 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 National Pension Commission, PenCom of turning a blind eye to the antics of the state government and its agents against pensioners.

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