News

BREAKING: FG Releases Withheld Salaries of NASU, Retirement Benefits

The Federal Government has released funds to clear outstanding salaries owed to members of the Non-Academic Staff Union (NASU) of Federal Universities and to settle benefits for retirees under the Nigerian Union of Pensioners Contributory Pension Scheme. In a statement on Saturday, Director of Press and Public Relations, Bawa Mokwa, from the Office of the […]

News

Kaduna, Kano, Katsina Retirees Lament Delayed Payment of Benefits

Retired federal civil servants in Kaduna, Kano, and Katsina have voiced deep frustration over delays in receiving their retirement benefits, further strained by Nigeria’s challenging economic situation. Many retirees, some of whom left service as far back as March 2023, report they are still waiting on accrued pensions. In Kaduna, Ahmad Kawure, a former employee […]

News

Fed Govt Sets December Deadline for Prospective Retirees’ Verification

The Federal Government has issued a December 31, 2024, deadline for civil servants due to retire in 2025 to complete their verification process or face the risk of losing their monthly pensions. This directive was outlined in a letter from the National Pension Commission (PenCom), dated September 20, 2024, and addressed to all Federal Government […]

News

We’re Committed to Safeguarding Retirees’ Quality of Life – FG

The Federal Government has reaffirmed its commitment to ensuring that the quality of life for public servants does not deteriorate after retirement. Speaking at the 2024 pre-retirement training organized for retired and prospective retirees of federal parastatals in Kano, the Director General of the Bureau of Public Service Reforms (BPSR), Ibrahim Dasuki, outlined the administration’s […]

News

Obaseki Approves Gratuity Payments for 2010 Local Govt Retirees

Governor Godwin Obaseki of Edo State has authorized the payment of gratuities to pensioners who retired in 2010 and are currently on the payroll of the Local Government Staff Pension Board (LGSPB). According to a statement released on Wednesday in Benin by Mary Arewa, the Acting Secretary of the LGSPB, the pensioners have been summoned […]

News

Labour Advocates for 50% Lump Sum Payment for Retirees’ Benefits

The Nigeria Labour Congress (NLC) is advocating for an increase in the lump sum payment for retirees to 50% under the Contributory Pension Scheme (CPS). This proposal aims to help retirees begin a comfortable retirement life. NLC President Joe Ajaero, speaking at a retirement programme in Abuja, highlighted the concerns of retiring workers. He stated, […]

Politics

Zamfara Deputy Gov Charges Retirees To Join Politics At All Levels

The State Deputy Governor made the charge while receiving officials of the forum in his office. While commending the foresight in the unilateral understanding of the forum for coming together to form a political group after retirement, the Distinguished Senator said it is a clear indication that teaming retirees in the State would continue to […]

Economy

Bill To Ease Retirees’ Access To Pension Funds Passes Second Reading

A bill proposing retirees can make a 75% withdrawal from their Retirement Savings Account (RSA) after retirement has passed second reading at the Senate. The bill titled: “The Pension Reform Act 2014 Amendment Bill 2022” scaled second reading during Wednesday’s  plenary following debates on the general principles of the bill. The bill, sponsored by Senator […]