Verification snag stalls NSITF pension rise  as mgt begs retirees for patience

By Victor Ahiuma-Young

Abuja: Nigeria Social Insurance Trust Fund, NSITF, has appealed to its pensioners to workout patience implicit the hold successful implementing an approved summation successful their pensions, blaming the hitch connected an ongoing verification exercise.

At a play gathering with the NSITF Pensioners’ Executive Committee astatine the Fund’s firm office successful Abuja, the Executive Director of Finance, Samuel Olufemi, who represented Managing Director Barrister Oluwaseun Faleye, assured retirees that the absorption was determined to resoluteness the issue.

“The Managing Director met a batch of issues connected crushed upon coming to bureau past year, but the 1 that gives him sleepless nights is pension. He wants to bash it, but helium wants to bash it right,” Olufemi said.

He explained that the Fund needed to decently verify pensioners to guarantee close records and debar leakages successful the system. According to him, immoderate beneficiaries connected the payroll are approaching 100 years old, and erstwhile verification exercises had been costly and cumbersome, often requiring officials to sojourn galore locations due to the fact that immoderate pensioners were excessively frail to travel.

“Past verifications were superior intensive, and galore pensioners could not travel forward, claiming they were incapable to permission their homes. We are moving connected a better, much cost-effective strategy to implicit the exercise,” Olufemi added.

During the meeting, the pensioners’ representatives, led by Chairman Aliyu Danlami, tabled respective demands, including contiguous implementation of the pension increment, enforcement of a tribunal judgement connected their benefits, enrolment of retirees successful the National Health Insurance Scheme (NHIS), and revival of the Pension Fund Board of Trustees.

Olufemi, however, assured the retirees that they would not beryllium shortchanged erstwhile the verification is completed.

“The MD is simply a visionary person. Staff payment is precise captious to him, and that includes ex-staff,” helium said.

Danlami commended the Faleye-led absorption for the ongoing translation successful the Fund and urged swift enactment to code pensioners’ concerns.

The NSITF reiterated its committedness to transparency and accountability successful handling pension payments, saying the verification workout was designed to support retirees’ interests and guarantee that lone morganatic beneficiaries bask the pension summation erstwhile it takes effect.

The station Verification snag stalls NSITF pension rise  arsenic mgt begs retirees for patience appeared archetypal connected Vanguard News.