FG released N13.89bn pension for 2022 retirees, says PenCom | TheCable

January 5, 2023 9:37 PM

The National Pension Commission says the federal government has released N13.89 billion for the payment of the pension of retired workers.It said the payment is for the accrued pension rights of retirees of treasury-funded ministries, departments and agencies in 2022. “The National Pension Commission is pleased to inform all its stakeholders, particularly retirees of treasury-funded ministries, departments and agencies who retired in the year 2022, that the federal government has released the sum of N13.89 billion for the payment of their accrued pension rights,” the statement reads.“The accrued pension rights represent an employee’s benefits for the past years of service up to June 2004, when the CPS came into effect.

“Accordingly, PenCom is processing remittances into the various retirement savings accounts of the affected retirees, and their pension fund administrators will notify them in due course.” PenCom also appreciated the efforts of President Muhammadu Buhari for his untiring support and commitment to the implementation of the CPS and ensuring the welfare of retirees.

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