FG RELEASES N54 BILLION FOR PAYMENT OF PENSION ARREARS

Following the wave of complaints from Federal Government retirees in recent times, government has taken action by releasing N54 billion to the National Pension Commission (PenCom) for the payment of 33 per cent pension arrears to pensioners, according to the chairman, House Committee on Pension Hassana Shekarau.

The lawmaker disclosed this on Tuesday at the official innauguration of the Nigerian Union of Pensioners House in Abuja.

The lawmaker said that the president has constituted a presidential committee to reconcile the pension figures and that job has been completed.

The committee had recently engaged the three executives in-charge of Pension which includes PenCom, PTAD and the chairman Military Pension Board.

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