FG Releases N16.6bn Accrued Pension For 2021 Retirees From MDAs

The National Pension Commission (PenCom) has disclosed the federal government has approved the release of N16.67 billion for the payment of accrued pension rights to 2021 retired workers.

According to PenCom, the retiring workers will be from treasury-funded ministries, departments and agencies (MDAs).

PenCom, in a recent statement, added that the federal government had earlier settled all arrears of accrued pension rights payments to the verified and enrolled retirees up to December 2020.

According to the statement: The National Pension Commission (PenCom) is pleased to announce the release of N16.67 billion by the Federal Government for the payment of Accrued Pension Rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies (MDAs),”

“The Federal Government had earlier settled all arrears of accrued pension rights payments to the verified and enrolled retirees up to December 2020.”

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