The Federal Government through the National Pension Commission has paid its workers that retired between January and August 2016 their accrued benefits.
Head, Corporate Communications, PenCom, Mr. Emeka Onuorah, confirmed the release of the funds to the pensioners.
Findings from officials of the commission revealed that the total amount released for payment of the retirees was about N54bn.
Onuorah said, “This is to inform all employees of the treasury-funded federal Ministries, Departments and Agencies, who retired between January and August 2016 and were duly enrolled, that their accrued benefits have been credited to their Retirement Savings Accounts.
“They are advised to contact their Pension Fund Administrators to commence the process of collecting their retirement benefits.
“On behalf of the Federal Government, the commission will like to salute their courage, patience and perseverance during the period when the resources were being mobilised to pay their accrued rights.”
The commission said that arrangements were being made to pay the next batch of retirees consisting of those who retired between September and December 2016.
PenCom added that it remained committed to ensuring that retirement benefits are paid as and when due.
