FG OUTSTANDING LIABILITIES HIT N97.55 BILLION

Federal Government unpaid Pension accrrued rights for the period covering May 2017 to April 2018 stands at N97.55Bn.

According to the National Pension Commission (PenCom) the outstanding accrued rights of Federal Government employees who retired in 2017 as well as the amount due to those retiring in 2018 have been submitted to the Federal Government for appropriation in the 2018 budget.

PenCom noted that based on the positive disposition of the Federal Government towards settling outstanding pension liabilities, as evidenced by the release of N54 billion in April 2017, it is expected that these liabilities will soon be paid.

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