ASUU Raises Alarm Over Inadequate Pension Benefits for Retired University Lecturers
The Academic Staff Union of Universities (ASUU) has voiced serious concerns regarding the insufficient pension provisions afforded to its retired members. This issue was highlighted by ASUU President, Professor Christopher Piwuna, during a press briefing held on Thursday in Jos.
Impact of the 2024 Contributory Pension Scheme on Retirees
Professor Piwuna criticized the implementation of the Contributory Pension Scheme introduced in 2024, emphasizing its detrimental effects on the financial well-being of retired asuu-begins-strike-in-unijos-over-non-payment-of-salary/” title=”… begins strike in UNIJOS over non…payment of salary”>academic staff. He pointed out that the scheme has significantly diminished the retirement benefits that lecturers depend on after decades of service.
Economic Pressures Exacerbate Retirees’ Hardships
“Our retired members are disproportionately affected by the government’s policies, especially amid soaring inflation and escalating costs in essential sectors such as electricity, transportation, housing, food, and healthcare,” Piwuna remarked. He underscored the harsh reality faced by senior academics who, despite dedicating over 40 years to the education sector, receive pensions as low as ₦150,000 monthly-an amount grossly inadequate given today’s economic challenges.
Health and Family Responsibilities Compound Financial Strain
Many retired lecturers are grappling with chronic health issues while simultaneously supporting their spouses, children, and grandchildren on meager pension incomes. This financial strain not only undermines their quality of life but also diminishes the respect and dignity they deserve after years of service.
Call for University-Managed Pension Funds
To rectify these shortcomings, ASUU advocates for the establishment of a university-based pension fund management system. Such a framework, according to the union, would ensure more equitable and sustainable pension benefits tailored to the unique needs of academic staff.
Appeal to the Federal Government
Professor Piwuna urged the Federal Government to reconsider current pension policies and implement reforms that would enhance the welfare of retired university lecturers. He emphasized that honoring the contributions of these educators is vital for the continued growth and stability of Nigeria’s higher education sector.
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