PENCOM RELEASES N44BN FOR RETIREES’ ACCRUED PENSION RIGHTS
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GREATRIBUNTVNEWS–National Pension Commission (PenCom) has announced the release of N44 billion for the payment of accrued pension rights to retirees from public service.
The funds, deposited into the Retirement Benefits Bond Redemption Fund account at the Central Bank of Nigeria (CBN), will partially settle unpaid pension rights for retirees of federal government treasury-funded Ministries, Departments, and Agencies (MDAs) under the Contributory Pension Scheme (CPS) .
“PenCom appreciates the patience and understanding of retirees and reaffirms its dedication to safeguarding their retirement benefits “.
The payment covers the period March to September 2023 and includes some deceased employees. PenCom stated that the disbursed funds have been applied to settle the accrued pension rights of retirees who were duly verified and enrolled.
