The National Pension Commission on Thursday said that the federal government released N13.89 billion for the payment of the pension of retired workers in the country.
The payment is for the accrued pension rights (ACR) of retirees of treasury-funded ministries, departments and agencies (MDA’s) in 2022, the commission said.
In a statement signed by the management, PenCom said the payment will cover for employee’s benefits up to June 2004, when the Contributory Pension Scheme (CPS) came into effect.
