Pensions: 18,525 disengaged workers withdrew N9.45bn savings in six months - Punch Newspapers

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No fewer than 18,524 disengaged workers withdrew N9.45hbn from their Retirement Savings Accounts with the Pension Fund Administrators between January and June this year, the National Pension Commission revealed on Friday in its quarterly report titled, ‘Withdrawal due to temporary loss of employment.’

It added that in the second quarter of the year, “The commission approved the payment of N4.43bn to 7,906 RSA holders under the age of 50 years, who were disengaged from work and unable to secure jobs within four months.” To enhance compliance with the Contributory Pension Scheme during the second quarter, the commission said it carried out sensitisation workshops, capacity-building programmes and stakeholder engagement meetings.

 

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did i hear disengaged when our govt said theyve provided jobs everywhere

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