The prolonged labour crises between the National Union of Electricity Employees (NUEE) and the Federal Government which began since 2010 has finally been resolved as both parties agreed that total accrued pension as at June 30, 2007 shall be paid.
The payment was agreed to be in accordance with the 2010 conditions of service of the Power Holding Company of Nigeria (PHCN).
The resolution meeting which took place at the office of the Secretary to the Federal Government agreed that 25 per cent of the accrued pension will be paid to existing PHCN staff while 75 per cent will be paid into the retirement savings accounts.
Other agreements reached were that severance allowance which shall be paid at 20 per cent of total accrued benefits among others.
Present at the meeting were the Secretary to the Government of the Federation; Senator Anyim Pius Anyim, Minister of Labour; Chief Emeka Wogu, Minister of State for Power; Hajiya Zainab Kuchi, President of the Trade Union Congress (TUC); Peter Esele, Secretary General of the National Union of Electricity Employees (NUEE) among others.
The Agreement was signed on behalf of the Federal Government by Senator Anyim, while Mr Esele and Ajearo signed on behalf of the President of the Nigeria Labour Congress (NLC).