The Nigeria Government has released N13.89bn for the payment of pensions of its workers who retired in 2022.
The National Pension Commission made this know in a statement released on Wednesday.
The statement reads; “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 Nigerian Government has released the sum of N13.89bn for the payment of their accrued pension rights.
“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.
“Finally, PenCom appreciates the efforts of his excellency, Mr President for his untiring support and commitment to the implementation of the CPS and ensuring the welfare of retirees.”
PR/ Mercy Chukwudiebere
