F.G Yet To Pay Six Months Pension- NPC

The National Pension Commission NPC has disclosed that the Federal Government was yet to pay six months of pending accrued rights of retirees, under the Defined Benefit Scheme (DBS).

This was revealed by the Director-General of PenCom, Aisha Dahir-Umar, in Abuja on Thursday at the interactive session on 2022-2025 MTEF and FSP, organised by the Senate Committee on Finance.

She said delayed payment of accrued rights would soon be a thing of the past as the government was making frantic efforts to clear the backlog of accrued rights.

The government had in the last 17 years, she said, had consistently paid accrued rights, saying that it only owed six months of accrued rights.

She added that the government was paying N49 billion monthly accrued rights in the last 17 years, adding that the Federal Government via Debt Management Office (DMO), was on the verge of paying off the balance of accrued rights.