The Nigeria Union of Pensioners (NUP) has urged the Federal Government to pay retirees under the Contributory Pension Scheme(CPS) their gratuities as it is done to their colleagues who are under the Defined Benefit Scheme (DBS).
The union spoke against the backdrop of agitations for 75 per cent lump sum payment by some retirees as against the 25 per cent paid to them by Pension Fund Adminstrators (PFA) from their Retirement Savings Account (RSA) balances.
NUP’s Media and Publicity Secretary, Bunmi Ogunkolade, in an interview said the reasons for the agitation for the increment were that the CPS did not give room for the payment of gratuity by the government to retirees under the scheme.
He said this formed part of their position paper to the National Assembly during the recent public hearing by House of Representatives Committee on Pensions.
Source: Omobola Tolu-Kosimo