“I only owe four years pension arrears” -boasts Nigerian leader

Thanks to the Nigerian Daily Post for sending me this gem! If Frank Field thinks we have insecurity in our pension system, perhaps he should fly down to Africa!

Oshiomole

some kind of hole

Gov. Adams Oshiomhole of Edo State says his administration is owing only four years of unpaid pensions after settling nine years pensioners’ entitlements.

Oshiomhole told State House correspondents in Abuja on Thursday that contrary to the allegation by the opposition, he was not leaving behind a huge liability for his successor.

The opposition Peoples Democratic Party (PDP) in Edo had alleged that the present administration’s failure to pay pensioners’ arrears might cripple the incoming administration in the state.

“From 1998 when the Army left, to 1999 and to the end of 2008 when I took over, that was a period of 13 years.

“So, we found a pension bill of 13 years, arrears of gratuity and pension not paid by the PDP government including the 7,000 people they dismissed.

“When I assumed duties at the end of 2008, I had two options. There was this temptation to say that I would be paying those who retired during my tenure.

“But, as a former labour leader, I asked myself that if an employer was so callous to carry out massive retrenchment of workers as the PDP did by sacking 7,000 and permanent secretaries and did not pay them gratuity, is it the fault of those workers?

“So, I accepted the fact that government is a continuum.

“So, as we speak today, we have paid all those who pensioned in 1998 and 1999, all the ones they dismissed in 2000 and those who retired from 2001, 2002, 2003 up to 2011.

“So, I have paid pension arrears of 13 years even though I have been in government for only seven years plus.’’

The governor, who maintained that having cleared 10 years pension and gratuities arrears, assured that his administration would settle part of the outstanding four years pensions before handing over power to a new government. 

Osiomhole2

Osiomhole

About henry tapper

Founder of the Pension PlayPen, Director of First Actuarial, partner of Stella, father of Olly . I am the Pension Plowman
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