PenCom releases N54bn to FG retirees

pensioners - PenCom releases N54bn to FG retirees

The National Pension Commission (PenCom) yesterday released pensions of retired workers of the Federal Government Ministries, Departments and Agencies who retired from service between January and August 2016.

This release was confirmed by the Head, Corporate Communications, PenCom, Mr. Emeka Onuorah, in a statement. The released statement read in part,

“This is to inform all employees of the treasury-funded federal Ministries, Departments and Agencies, who retired between January and August 2016 and were duly enrolled, that their accrued benefits have been credited to their Retirement Savings Accounts.

“They are advised to contact their Pension Fund Administrators to commence the process of collecting their retirement benefits.

“On behalf of the Federal Government, the commission would like to salute their courage, patience and perseverance during the period when the resources were being mobilised to pay their accrued rights.”

It was discovered that the total amount released for payment of the retirees was about N54bn.

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PenCom said that it remained committed to ensuring that retirement benefits were paid as and when due, adding that arrangements were being made to pay the next batch of retirees who retired between September and December 2016, their pension soon.

It can be recalled that this development is coming after, the federal civil servants who retired since January 2016 had on March 16 staged a protest at the headquarters of the Federal Ministry of Finance over their unpaid pensions, estimated at about N200bn.

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