Federal Govt 41 Months Ahead in Accrued Pension Rights Payment — PenCom

The National Pension Commission (PenCom) has said the federal government is 41 months ahead in the payment of accrued pension rights to retiring public servants. The head of PenCom’s Corporate Communications Department, Ibrahim Buwai, disclosed this at the 36th Annual Conference of the Finance Correspondents Association of Nigeria (FICAN) held in Lagos at the weekend. Buwai said the development meant that pension liabilities owed to federal government employees retiring up to December 2029 had been provided for. He described Nigeria’s 2004 pension reform as one of the country’s most significant and enduring financial-sector transformations, saying successive administrations had sustained and deepened it.

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