Chuks Udo Okonta
The Pension benefits of the over 40,000 Power Holding Company of Nigeria (PHCN)
staff, who have been verified have been deposited in the accounts of Pension
Funds Custodians (PFCs), Inspen has learnt.
The Director-General Bureau of Public Enterprises (BPE) Benjamin Dikki, who
disclosed this today at a television programme in Abuja, said the monies, will
soon be credited in the Retirement Savings Accounts (RSA) of the workers.
He noted that Pension Funds Administrators (PFAs) are presently working
with the PFCs to finalise the necessary documentations to enable the PFAs commence
the sending of credit alerts to the workers.
Though he failed to comment on the amount so far deposited with the PFCs, the
government has set aside about N342 billion to settle the workers before the
final transfer of the privatised companies to the buyer on November 1.
The new fund would boost the over N3.50 trillion raised since the take-off
of the Contributory Pension Scheme, which has over 5.61 million contributors.
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