Connect with us


FG releases N14. 92 billion for accrued right Contributory Pension Scheme



The Federal Government says it has release N14.92 billion for the payment of accrued rights for retirees under the Contributory Pension Scheme.

The National Pension Commission Head of Corporate Communication, Mr Peter Aghahowa, made this known in a statement in Abuja on Monday.

The amount according to the statement will cover four months arrears.

He said that the accrued pension rights represents an employee’s benefits for the past years of service up to June 2004, when the Pension Reform Act that birthed the CPS, came into effect.

Aghahowa said that the Commission commend the efforts of the federal government for ensuring that the accrued rights arrears were cleared.

He also thanked the affected retirees of the Treasury-Funded Agencies for their patience.

Nana Musa

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.



Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750