18.6 C
Nigeria
Thursday, February 2, 2023

Read Online

Nigeria Releases N14bn for Payment of Accrued Pension to 2022 Retirees

Aisha Dahir-Umar

Director-General

National Pension Commission (PenCom)

The Nigerian Government has released the sum of N13.89 billion for payment of accrued pension rights to retirees who left the public service in 2022.

A statement by the National Pension Commission (PenCom) states that the pension payment is for retirees in treasury-funded Ministries, Departments and Agencies (MDAs).

The Commission promised that it is processing remittances into the various Retirement Savings Accounts (RSAs) of the affected retirees while their Pension Fund Administrators (PFAs) are expected to notify such retirees at the appropriate time.

PenCom commended President Muhammadu Buhari for his unwavering commitment towards effective implementation of the Contributory Pension Scheme (CPS) in Nigeria to ensure better life for retirees.

Business Journal
We deliver business news that are professionally crafted and tailored to give you business freedom and expression that is aimed at increasing your spirit of enterprise.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Stay Connected

20,300FollowersFollow
3,694FollowersFollow
20,500SubscribersSubscribe
- CLICK TO DOWNLOAD -spot_img
- Proud Member -spot_img
- Advertisement -

Latest Articles