NATIONAL Pension Commission, PenCom, has unfolded the commission’s plans for sustainable pension industry in the country.

ON September 21, 2004, the Chief Judge of the Federal High Court, Abuja was alleged to have been flown to Abuja to give a restraining order to Nigeria Labour Congress, NLC, and Trade Union Congress of Nigeria, TUC, from embarking on strike to protest the hike in the pump prices of Petroleum products by then President Olusegun Obasanjo’s government.

JANUARY 1, 2012 removal of subsidy on Petrol and subsequent hike in the pump price of the product, came unexpectedly and on a day when Nigerian workers like most of their counterpart world over were celebrating the new year.

Electricity workers have suggested that instead of the outright sale of the Power Holding Company of Nigeria, PHCN, government should consider the adoption of public private partnership model that will guaranty the reform of the sector.

UMBRELLA body for operators in the nation’s pension industry, Pension Operators of Nigeria, PenOp, has revealed that a whooping N7billion pension fund contributed by workers have not been remitted to workers’ Pension Fund Administrators, PFAs, by their employers.

THE poor state of health delivery in the country came to fore once again at the 36th National Executive Council, NEC, of Medical and Health Workers Union of Nigeria, MHWUN, at Owerri, Imo State.

A WEEK ago, workers of the Power Holding Company of Nigeria, PHCN, under the umbrella of the National Union of Electricity Employees, NUEE, gathered in the ancient city of Benin, Edo state for their 4th Quadrennial/ 9th National Delegates Conference, to elect new leaders to run their affairs for the next four years.

THE Danjuma Hall of the Armed Forces Resettlement Centre(NAFRC) , Oshodi was last Friday, filled to its capacity, with servicemen from the Nigerian Armed Forces comprising the Army, Navy and Air force, all clad in their respective ceremonial uniforms, thereby adding colour to the graduation ceremony of NAFTRAC Trainees Course 2/2011.

PENSION operators of Nigeria, PenOp, have accused state governments of not funding the contributory Pension scheme, thereby putting the life of the civil servants in the states at risk after retirement.

NIGERIA Employers Consultative Association, NECA, and Trustfund Pensions Plc, have advised pensioners of the need to do proper planning before venturing into any business to achieve a qualitative life after retirement.

FROM January next year,organizations and employers who have not been complying with the Pension Reform Act, PRA, 2004, will find it rough as the National Pension Commission, PenCom, has vowed to begin full application of enabling law to force employers to remit employees contributions to their Pension Fund Administrators, PFAs.

STAKEHOLDERS in the nation’s labour industry gathered in Ilorin, the Kwara State capital recently to seek ways of minimizing industrial unrest in workplaces and the Nigeria’s national life.

SEVEN former workers of Thomas Wyatt Nigeria Plc, including Mr John Kpokpowey, a supervisor, have died fighting for their gratuities after 30 years of service with Thomas Wyatt Nigeria Plc.

STAKEHOLDERS at a one-day workshop on “Sustaining the Contributory Pension Scheme”, have called on Pension Fund Administrators, PFAs, to improve on their service delivery to RSA holders especially by complying with the stipulated laws on lump sum withdrawal.

NIGERIA Labour Congress, NLC, has called on the Senate to not only review the nation’s privatisation programme, but to revoke privatised companies found to have been sold without transparency and adherence to laid down procedures and global best practices.