Business

PenCom Announces Additional N31.97bn For Retirees Accrued Pension Rights

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By Sola Alabadan

The National Pension Commission (PenCom) has announced an additional release of N31.97 billion by the Federal Government for the payment of Accrued Pension Rights to 2021 retirees of Treasury-funded Ministries, Departments and Agencies (MDAs).

Head, Corporate Communications Department, PenCom, Peter Aghahowa, stated that the release followed an earlier release of the sum of N16.67 billion, thus bringing the total amount released for payment of the 2021 accrued pension rights to N48.64 billion.

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