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Retirees to smile, as PenCom...

The National Pension Commission plans to raise...

Retirees to smile, as PenCom plan pension bond to clear N400 billion arrears

The National Pension Commission plans to raise pension bonds through the Debt Management Office to offset the pension arrears of federal retirees. The Chairman, Senate Committee on Establishment and Public Service, Ibrahim Shekarau, disclosed that the Federal Government currently owed its retirees over N400bn accrued pension rights. The arrears accumulated through accrued rights. A source in PenCom said, “The commission had been in talks with the DMO on how to raise the pension bonds to clear the pension arrears. “While the discussion is still ongoing, the Federal Government said some funds should be...

Retirees to smile,...

The National Pension Commission plans to raise pension bonds through the Debt Management Office to offset the pension arrears of federal retirees. The Chairman, Senate...
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