Hon. Natalina Amjima Malek’s concern over pension funds is a crucial matter that the Transitional National Legislative Assembly (TNLA) and state Assemblies must address without fail.
From the birth of this country, despite several attempts to rectify the issue of pension funds, no conclusive achievement has been reached, yet most of the workforce is driving to the recipients’ desk.
Lack of adequate modality on pension payment for retiree civil servants is not only distressing to the expected beneficiaries but also aids their quick demise.
Survival at senior age without financial support can equate to hell on earth and as such, retirees easily breathe their last after active service.
As a result of maladroit surrounding the funds, several pensioners have joined their creator without enjoying the fruits of their sweat, leaving behind families languishing in dire situations.
The bottlenecks in pension funds stems right from the collection, where in some states, the money keeps disappearing each time there are political changes.
Whenever the leadership of a ministry or state changes, records of money also tend to vanish. This comes due to reverberative changes that follow the major one, for instance, when a new governor comes with new directors and commissioners leaving nobody to answer for missing records.
Constant political changes also create job instability and encourage individuals to begin preparing for after services life, immediately upon taking up office, by maximizing loopholes such as pension funds for personal benefits.
Absence of pension funds has also constrained states from retiring aged workforces till many of the civil servants die on duty, due to fatigue, past their legal tenure of service.
Of course, the anomalies in the retirement of civil servants impede the recruitment of a young and vibrant workforce, even though the elderly become sluggish on duty, with obsolete outputs.
Government must expedite the pension fund scheme.