Pensioners of Nigeria Electricity Power Authority/Power Holding Company of Nigeria (NEPA/PHCN), Wednesday, February 12 called for the implementation of the 33 percent awarded to pensioners by the past administration.
They also appealed to relevant authorities to reflect the new N30,000 minimum wage approved by the Federal Government in their pension.
Addressing newsmen in Benin During a protest, Vice Chairman, South-South National Union of Pensioners (Electricity Sector), Comrade Monday Adodo disclosed that N25,332,295,129.51k is being owed pensioners since 2012 up till date.
Accroding to him, protest became necessary due to the hardship faced by the pensioners.
He said, “Coming out today is due to non payment of arrears met for us since 2012 when Nigeria Electric Power Authority/Power Holding Company of Nigeria (NEPA/PHCN) was privatized.
“At the time of privatization, our outstanding benefits was twenty five billion, three hundred and thirty two million, two hundred and ninety five thousand, one hundred and twenty nine naira, fifty one kobo.
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“The breakdown is as follows: Harmonization Arrears N14,306,479,450.49k, Monetization Arrears N7,072,029,6074.96k, Year 2000 Retiree/Retirement Benefits N3,037,607,883.08k.”
He noted that between April/May 2015, their pension and liabilities were transferred to Pension Transitional Arrangement Directorate, PTAD for settlement.
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The South-South Vice Chairman said the amount owed them have been forwarded to the Nigeria Electricity Liability Management Company who was then in charge of payment of their payment of their pension and benefits.