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.... ....   Home  |  Cover Stories  |  National Newsreel  |  Politics  |  Business  |  Sports  |  World  | Contact  | Advert Rates  Towards a better life for the people Search The Archives   Cover Stories National News South West Niger Delta South East North Politics Business Sports World Viewpoints Features   Abia signs Pensions Bill into law By Vincent Ujumadu Thursday, July 01, 2004 UMUAHIA—THE Abia State Pensions Bill 2004 has been signed into law by Governor Orji Uzor Kalu who said that it was a demonstration of governments’s readiness to address the problem of pension in the state more decisively. The law provides for the setting up of a pensions board which would oversee the management and administration of the pensions fund in the state to quicken the process for the payment of pension. Members of the pensions board are the head of service, permanent secretary in the ministry of finance, a representative of Nigeria union of pensioners, a representative of joint public service negotiating council ( trade union side) and deputy director of administration in the state civil service. Kalu said while inaugurating the board on Tues that the composition of the members was done carefully and on merit in order to entrench transparency and fairness in the discharge of the assignment. According to him, government would not tolerate any lousiness on the part of any member, advising that their priority should be what to do to solve the pension problem permanently. He also warned that there would be no room for self serving interests, adding that government would not hesitate to dismiss any member found wanting in the performance of his duty. The governor described the payment of pensions and gratuities in the most contentions issues in the country’’s present democratic experiment, adding however that since the inception of his administration in May 1999, conscious effort have been made to tackle the endemic problem. His words: “It is sad that the issue of pension and gratuity has been politicized. The truth is that it takes enormous resources to pay it these liabilities, yet we have manages to grapple with the situation despite the huge deductions from our month! ly allocation from the Federation Account. Added to this is the fact that government spends nearly N790 million every month to pay salaries of workers”   Home  |  Cover Stories  |  National Newsreel  |  Politics  |  Business  |  Sports  |  World  | Contact  | Advert Rates © 1998- 2004. Vanguard Media Ltd.

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