FG approves N48.64bn for payment of retirees- PenCom

The National Pension Commission (PenCom) has announced the release of N48.64 billion by the Federal Government for the payment of accrued pension rights to 2021 retirees of Treasury-Funded Ministries, Departments and Agencies (MDAS).

According to PenCom,the Federal Government had earlier settled all arrears of accrued pension rights payments to the verified and enrolled retirees up to December 2020”.

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