At last, the lingering labour issues between electricity workers and the federal government which began since 2010, has finally been resolved.
The resolution meeting which ended at about 11.20pm yesterday took place at the office of the Secretary to the federal government, Anyim Pius Anyim.
The parties agreed that total accrued pension as at June 30, 2007 shall be paid in accordance with the PHCN 2010 conditions of service.
It was also agreed that 25 per cent will be payable to existing PHCN staff while 75 per cent shall be paid into the retirement savings accounts (RSAs).
Furthermore, a “total accrued gratuity as at June 30, 2012 shall be paid in accordance with the defined benefit scheme stipulated in the PHCN 2010 conditions of service, 15 per cent pension contribution shall be paid from July 1, 2002 through June 30, 2012 in accordance with the provisions of the Pension Reform Act 2004,” the agreement also showed.
It was also agreed that severance allowance shall be paid at 20 per cent of total accrued benefits among others.
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