President Muhammadu Buhari has released N54 billion to clear part of the backlog of accrued pension rights for the years 2014, 2015 and 2016.This is contained in a statement by Director of Information, Ministry of Finance, Salisu Danbatta on Wednesday.Danbatta quoted the Minister of Finance, Mrs Kemi Adeosun as saying that N12.5 billion, being outstanding for January, February and March 2017, was also released, bringing the total to about N54 billion.“Despite conflicting demands for available cash, President Muhammadu Buhari has always expressed concern over the plight of workers and pensioners.“Consistent with this, we have released N41.5 billion which clears the arrears inherited from the previous administration relating to the period 2013-15 and underpayments in 2016.“This will bring relief to thousands of our elders who have served and deserve to be paid their entitlements promptly and fully,” she said.The minister said that the amount paid also included arrears of those who retired as far back as 2013 and had been unable to access their pension under the contributory scheme due to non-payment.To avoid future accumulation of pension arrears, Adeosun said that henceforth “the monthly allocation to the PENCOM based on the appropriation of 2017 will regularly be paid along with monthly salaries of Ministries, Departments and Agencies (MDAs).”
NEWS, INFORMATION, TECHNOLOGY ,LIFESTYLE, ENTERTAINMENT, HEALTH, EVENTS, FASHION, BUSINESS, SPORTS,
Subscribe to:
Post Comments (Atom)
Anti-IPOB Protesters Take Case To American Embassy (Photos)
Members of Stand Up for Peace Movement have gone on a protest in Abuja on Thursday, in reaction to America’s stand that IPOB is not a t...
-
The Federal Operations Unit zone A Ikeja, Lagos led by OC Surveillance Team Idiroko Axis, CSC Balogun B.A. on his routine patrol interce...
-
In a recent interview with The Sun, Ekiti state governor, Ayo Fayose, says 79 year old former President, Olusegun Obasanjo, runs his mout...
-
Carlo Ancelotti has been sacked as manager of Bayern Munich. Following Wednesday's 3-0 Champions League defeat by Paris St-Germain, ...
-
The Nigerian government has approved the retirement of the acting director general of the National Agency for Food and Drugs Administrat...
-
Naval Officers who worked with the Fleet Commander, Western Naval Command (WNC), Rear Admiral Daniel Ikoli, who was found dead at his Ap...
-
Members of Stand Up for Peace Movement have gone on a protest in Abuja on Thursday, in reaction to America’s stand that IPOB is not a t...
-
The National Bureau of Statistics, NBS, on Tuesday said Nigeria's economy contracted 1.5 percent in 2016 due to lower oil revenues a...
-
Maori Tezuka, a former opera singer who made her debut in Japan's 'silver porn' industry at 71 has called it a quit after 9 ...
-
Trust the Governor to speak, and indeed he SPOKE. From promising Nigerians a better day ahead, to encouraging his children to school a...
-
Toni Braxton's son, Diezel Ky Braxton-Lewis is so grown! The 13 year old teenager is her second son with ex-husband, Keri Lewis whom ...
No comments:
Post a Comment