Concerned Retirees and Prospective Pensioners in Nigeria on Tuesday commended the National Pension Commission (PenCom) over its numerous reforms in the pension industry.
They also commended PenCom for the newly launched edition of the Pension Enhancement for Retirees on Programmed Withdrawal under the Contributory Pension Scheme.
Speaking in Abuja, the leader of the delegation, who led members to PenCom office, Auwal Garba appreciated the federal government for the various reform in the pension industry.
He also thanked federal government for all the numerous things it has done, while wishing it the best in 2023.
The Director General of PenCom Aisha Dahir-Umar, insisted that pensioners will receive their pension as at when due.
The PenCom DG, who was represented by the Commissioner of Administration, Farouq Aminu, said that one of the most important thing in the pension is that “we keep your money.
She explained what they are doing and what they have done as commission, adding that when a staff is sacked, such staff loses all benefit, gratuity and others.
The DG, who further explained that the 1999 constitution provide that pension should be reviewed upward, pointed out how federal government has increased pension overtime.
The commission explained what it does with the pension and how it was been invested, adding that pension money is not used to settle loan.
“The law says, nobody can get the money from your account, even when you take loan. This is not allowed by law. Even you cannot take the money because it is for pension. You are not allowed to take the money.If there are no retirees, there’s no need for PenCom that is why we have to make you happy all the time,” the commission said.
