BUSINESS
FG Releases N14.92bn For Retirees Accrued Pension Rights
The federal government has released N14. 92 billion for the payment of accrued rights for retired Nigerians under Contributory Pension Scheme.
The National Pension Commission (PenCom) confirmed the release on Monday via its verified official tweeter handle.
PenCom said the amount covers four months arrears.
The Accrued Pension Rights (APR) are employee’s benefits for the past years of service up to the country from June 2004, when the Pension Reform Act (PRA) became law.
PenCom applauded “the federal government for ensuring that the accrued rights arrears are cleared, and thanks the affected retirees of the treasury funded agencies for their patience”.
Before Monday’s release of the fund, Police retirees under the CPS supervised by the Commission (PenCom) had cried out over the delay in the remittance of their accrued rights, which they say had lingered over one year.
The retirees, under the Association of Retired Police Officers (under the CPS) brought their plight to public knowledge last year, when they demanded for better treatment from the government.
Delta Puts $100m To Derisk Investors, Showcases Burutu Port, Glass Factory Projects
Nigeria Was The Only One Cut Out – FFK Blasts South Africa After Presenting Credentials To Ramaphosa
Tinubu Condemns Political Violence, Orders Security Agencies to Arrest Perpetrators
US Family Makes Guinness Record As Five Generations Share Same Birthday
Court Rejects Emefiele’s Objection, Admits Supreme Court Judgment
Solar Energy In Nigeria: From Luxury To Necessity As Imports Hit ₦242 Billion
US To Watch Nigeria’s January 16 Election Like A Hawk Over Violence Fears
Angry Nigerians Block INEC Chairman Amupitan’s Car Outside Chatham House In London [VIDEO]
Delta Paying Billions To Fix Federal Roads, Aniagwu Reveals
Okowa Gets Rousing Welcome in Aniocha South, Says Vote For APC Will Not Be Wasted
Tompolo’s Tantita Donates Operational Vehicles To Enerhen Divisional Police
South Africa’s Xenophobia Betrays Mandela’s Legacy , Says Tuggar
Why We Used Fake Gucci, Nike Labels To Sell More Shoes, Ogun Factory Suspects Tell Police
Ogorugba Hails Oborevwori As Iyede Monarch Ekperare I Gets Staff Of Office
‘If You’re Not With Me, Leave’: Fubara Warns Supporters Over Wike’s Coalition
