TUC endorses use of mobile phone for pension transactions

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Bala-Kaigama revealed this on Friday in Abuja in a meeting with the News Agency of Nigeria (NAN).

He said that the union supported the utilization of the telephone for givers and directors, including that, " it will stimulate annuity exercises; will make the plan effortlessly accessible for practically everyone both in provincial and urban ranges.''

Bala-Kaigama, however said that whatever innovation received, ought to have adequate security that would defend benefits stores.

"Yes we support the utilization of current innovation, however again we beg the players that they ought to utilize just security tight innovation for benefits exchanges,'' Bala-Kaigama said.

He said that TUC, Nigeria Labor Congress, Nigerian Union of Pensioners, are board individuals from the Pension Commissio that screen and guarantee that nothing happened to the benefits stores.

The TUC manager approached the legislature to constitute the board, including "the board individuals have not been constituted for more than two years now.''.

He focused on that the board individuals were the institutional structures that screen, furthermore complete oversight capacities.

Bala-Kaigama said that the route forward for Nigeria annuity, especially the contributory benefits, was for the businesses to continue dispatching their own particular commitments frequently like the workers.

He noticed that incite and general settlements from bosses would enliven the installment of retirees' advantages.

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