Business
Union Seeks Implementation Of New Pension Law
The National Governing
Council of the Amalgamated Union of Public Corporations/ Civil Service Technical and Recreational Services Employees (AUPCTRE) has called on the federal and state governments to commence the immediate implementation of the new Pension Reform Act 2014.
In a statement issued by the union on Wednesday after its 20th Plenary Session of the National Governing Council held in Abuja and signed by its Secretary General, Comrade Yusuf Zambulk said that the non-implementation of the Pension Reform Act is posing threat to the well being of the union members and other workers.
Zambuk, said that the New Pension Act 2014 Part I Section 5 provided for group Life Insurance Policy in favour of each employee for a minimum of three years, plus the annual total emolument of the employee and the premium expected to be paid not later than the date of commencement of the policy cover.
He stressed that as of date, the federal, state and local governments have not implemented the cover policy in favour of employees.
He said that it is surprising to the organised labour that the political officer holders enjoy retirement benefits inclusive of medical, car, furniture etc, after serving their 4-year tenure, adding that nothing is being said about serving public officials by the three tiers of government.
The statement stated that the union “NLC-In-Session resolved that the engagement between the political class and the organised labour will be on a continuous basis in order to achieve the basic objective of protecting the rights of workers as well as promoting their collective welfare”.
“NLC-in-session called for the unity of the labour movement in the country in order to fight for the emancipation of the working class from the ditches of the crippling economic policies”.
The union urged state governments to properly utilize the bailout funds by the federal government for payments of arrears of salaries, pension and gratuity of workers and pensioners rather than misappropriating such bailout funds.
The union said that the “NLC-in-session called on the Federal government to ensure that all states government account properly for the disbursement of the fund in the spirit of the current war against corporation”.
The union further said, “the NLC-in-session expressed its opposition to any form of privatization, commercialization and or concessioning base on the fact that every government has the responsibility to provide essential social services for its citizens, stressing that privatizing critical sectors of the economy will therefore negate this basic objective of the government”.
Philip Okparaji
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