Nigeria: Retirees groan, decry late disbursement of contributory pension scheme — Africa Links 24

Retirees under the contributory pension scheme have decried the late disbursement of the initial 25 per cent of the accrued benefit and the meagre amounts subsequently paid monthly as pension by Pension Fund Administrators, PFAs.

The retirees said that the contributory pension scheme was a fraud, which leaves a sour taste in the mouth and a vision of a grim future characterised by indebtedness, distress, poor health, and poverty.

Some of the retirees in Osun, Ondo and Ekiti states who…