Pension

FG releases N13.89bn for payment of CPS 2022 retirees

Director General PenCom, Aisha Dahir-Umar

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Chuks Udo Okonta

The Federal Government has released N13.89 billion for payment of accrued pension rights for Contributory Pension Scheme (CPS) retirees who retired in the year 2022, National Pension Commission (PenCom) has said.

PenCom noted that the release for for retirees under treasury-funded ministries departments and agencies, adding that it is processing remittances into the various retirement savings accounts of the affected retirees and their pension fund administrators will notify them in due course.

The pension regulator appreciated President Muhammadu Buhari for his untiring support and commitments to the implementation of the contribution pension scheme and ensuring the welfare of retirees.

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