FG releases N54bn for payment of pension arrears

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The Federal Government has released N54billion to National Pension Commission (PenCom) for the payment of the 33 per cent pension arrears to pensioners, Chairman, House Committee on Pension, Hassana Shekarau, has said.
 
He disclosed this on Tuesday at the official inauguration of the Nigeria Union of Pensioners House in Abuja. He noted that President Muhammadu Buhari had constituted a presidential committee to reconcile the pension figures and that the job had been concluded.
 
According to him, the president also sent a bill seeking for a loan to the National Assembly, which had been approved and part of the approval was to pay pensioners’ arrears.
 
“We don’t know what is delaying it that is why I took it upon myself to make sure that I charge the chief executives, who are handing pension matters that within two weeks they should report back to me on it.
 
“Any of them that delay I assure pensioners that we will still move another motion to ensure its payment. I have engaged stakeholders to make sure that the needful is done. I am happy to tell you that some progress has been made on the challenges of the 33 per cent arrears.
“I have given the relevant stakeholders on pension two weeks to sit and resolve matters on the pending issues of the payment of 33per cent pension arrears since the money had been disbursed,” he said.
 
He recalled that he recently engaged the three executives in-charge of pension: PenCom; PTAD and the Chairman Military Pension Board and had given them two weeks to engage the Minister of Finance, the Director of Budget and the Accountant-General of the Federation.
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