PenCom Disburses N54b Gratuity To Retirees



PenCom Disburses N54b Gratuity To Retirees



Some retirees from ministries, departments and agencies of the Federal government who retired from services between January and August 2016 have claimed a total of N54b pension benefits.

Emeka Onuorah, Corporate Communication, National Pension Commission, PenCom, who confirmed the payment in a statement Tuesday said the retirees were duly paid their entitlement.

The statement reads, “this is to inform all employees of the treasury-funded federal Ministries, Departments and Agencies, who retired between January and August 2016 and were duly enrolled, that their accrued benefits have been credited to their Retirement Savings Accounts.

“They are advised to contact their Pension Fund Administrators to commence the process of collecting their retirement benefits.

“On behalf of the Federal Government, the commission would like to salute their courage, patience and perseverance during the period when the resources were being mobilised to pay their accrued rights.”

The commission said that arrangements were being made to pay the next batch of retirees consisting of those who retired between September and December 2016.

PenCom added that it remained committed to ensuring that retirement benefits were paid as and when due.

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