By Modupe Gbadeyanka
The sum of N54 billion has been released to settle Federal Government retirees between January and August 2016.
The amount was released for disbursement by the National Pension Commission (PenCom), according to a statement issued on Tuesday by spokesman of the agency, Mr Emeka Onuorah.
“This is to inform all employees of the treasury-funded federal Ministries, Departments and Agencies (MDAs), who retired between January and August 2016 and were duly enrolled, that their accrued benefits have been credited to their Retirement Savings Accounts (RSA), the statement said.
It urged the retirees to “contact their Pension Fund Administrators to commence the process of collecting their retirement benefits.”
Concluding, PenCom commended the retirees for the “courage, patience and perseverance during the period when the resources were being mobilised to pay their accrued rights,” promising that efforts were being made to ensure payment of those who left the service between September and December 2016.
more recommended stories
Financial Stocks Lead NSE Weekly Transactions with N10.8bn
By Dipo Olowookere Last week, investors.
Imo: Recruitment, Appointments Panel Submit Report
The Technical Review Committee on Appointments,.
NASD Seeks Inputs on Admission of Commercial Paper
By Adedapo Adesanya The NASD OTC.
Treasury Bills Yields Jump to 12.99% Friday
By Dipo Olowookere The secondary market.
Airtel Africa Tops Price Gainers Chart as Index Picks 1.28%
By Dipo Olowookere The second largest.
VAT Increased to 7.5% not 7.2%
By Adedapo Adesanya Minister of Finance,.
NIPCO Declares N3 Per Share Dividend
By Adedapo Adesanya The Board of.
Naira Falls Against Dollar at Interbank, I&E
By Adedapo Adesanya The Naira put.