Exit Us From Compulsory Contributory Pension Scheme – Police Retirees Cry Out … members go spiritual

“We are appealing to members of the national assembly to come to our aids by removing us from the Compulsory Contributory Pension Scheme.

“Again, we want the world to know that as from today, we are giving an autimatum that after two weeks, from 15th May,  if we are not removed from compulsory Pension Scheme we are going to pack our families to Abuja so that we will start living there because burial ceremony is very difficult now. If a retiree under Contributory Pension scheme dies, it becomes difficult to bury him because he has left no money. He has left nothing.

The group also complained bitterling of injustice being meted on them with the introduction of the lumpsum system which it said drains 75 percent of their contributions.

“They introduced a system called lumpsum, no matter the amount of money you gather, they will give you only 25%, they will hold the 75%. They are using it, trading with it. The interest, they use to give us chicken change every month. Twenty thousand, 30 thousand, 40thousand every month.

They are using the interest and the owner of the money is given chicken change every month. Chicken change of N20,000, N30,000, N40,000.

Even at that, some complained that they do not even receive any.

Also pathetic is that of a retiree who said he is the oldest DSP in the Nigeria Police force in Nigeria and he is receiving a little above N32,000..

Also vibrating is retired DSP Esther Macus who said with all her years of service, she receives the chicken change of N38,000.

It is appalling, she stated.

[