FG releases N11.82bn for MDAs retirees’ accrued pension rights

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Chuks Udo Okonta

The Federal Government has released N11.82 billion for payment of accrued pension rights of retirees under its Ministries Department and Agencies (MDAs).

Head, Corporate Communications Department, National Pension Commission (PenCom) Peter Aghahowa, disclosed this in a statement, noting that accrued rights represent benefits for employees of Treasury Funded MDAs who worked up to June 2004, when the Pension Reform Act was introduced.

The Commission appreciates the effort of the Federal Government at ensuring that the accrued rights arrears are cleared, he said.

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