FG Kicks off  Payment of Additional Exit Benefits Scheme to Retirees 

The Federal Government has commenced the payment of Additional Exit Benefits to retirees of Treasury Funded Ministries, Departments and Agencies (MDAs). The National Pension Commission (PenCom) disclosed that approximately N1.1 billion has been paid to 175 retirees who exited the Federal Public Service between 1 January and 31 August 2026. The payment is under the Federal Government Exit Benefit Scheme (EBS), approved by the Federal Executive Council and effective from 1 January 2026. The scheme provides an additional financial benefit to Federal Government employees at retirement, alongside their pension benefits under the Contributory Pension Scheme (CPS).

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