President of the Nigerian Labour Congress (NLC) Comrade JOE AJAERO has called for a return to the old pension scheme regime.

AJAERO said the current regime falls short of the fundamental purpose it was set up to address.

He stressed that retirement ought not to be a death sentence but something every worker should be looking forward to.

According to him, the Federal Government is alleged to owe nearly 260 billion naira in pension arrears, with federal parastatals accounting for an additional 40 billion naira.

The NLC leader lamented that many workers have fears about what would become of them after retirement because it does not offer security.