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Pensioners to Receive Payment, a Week after Retirement, PenCom Assures

The National Pension Commission of Nigeria (PenCom) said yesterday that federal pensioners would henceforth receive their entitlements a week after retirement. The agency also declared that pension fund, currently at N14.5 trillion was not idle but had been invested appropriately.

The National Pension Commission of Nigeria (PenCom) said yesterday that federal pensioners would henceforth receive their entitlements a week after retirement. The agency also declared that pension fund, currently at N14.5 trillion was not idle but had been invested appropriately. The Executive Chairman of PenCom, Mrs. Aisha Dahiru Umar stated these in her submission to the Senate Committee on Finance currently engaging government agencies on proposals for the 2023 - 2025 Medium Term Expenditure Frame Work (MTEF) and Fiscal Strategy Paper (FSP). The PenCom boss said backlog of accrued pension payments to pensioners had been almost cleared by the Federal Government. -  Thisday page 8