FG Releases N14.92bn For Pension Arrears Payment

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The Federal Government has released the sum of N14.92bn for the payment of accrued rights for retirees under the Contributory Pension Scheme.

The release of the fund was confirmed on Monday by the National Pension Commission.

The accrued right is the total amount the Federal Government owes its workers that have been in service before the commencement of the Pension Reform Act, 2004 which was reviewed and re-enacted in 2014.

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