PenCom DG says Pensioners to get paid a week after retirement & what Pensioners must do
The Director General of National Pension Commission (PenCom), Aisha Dahir-Umar has said that the delay in the payment of pension to retirees of federal government agencies, will soon be a thing of the past.
The PenCom DG made the statement during answers to Senate Committee on Finance who are currently interfacing with government agencies on proposals for the 2023 – 2025 Medium Term Expenditure Frame Work (MTEF) and Fiscal Strategy Paper (FSP).
Reacting to inquiries on delayed payment of pension and other challenges being faced by retirees, she said, arrangements have been concluded for retired officers to be paid a week after retirement.
She said the backlog of accrued rights which has been causing delay in pension payments to pensioners over the years, is almost cleared by the Federal Government. She disclosed that the FG has been paying N49 billion consistently every month as pension with the intention of clearing the backlog of pension arrears.
She said: “Late payment of pension to pensioners will be a thing of the past very soon as required steps in that direction have been taken by the federal government whose retirees are affected.”
She, however, advised pensioners to carry out required documentation a year to their retirement to ensure that the whole process of getting all pension entitlements goes smoothly.
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