by Niyi Jacobs
The National Pension Commission (PenCom) has completed another round of pension payments with the release of ₦22 billion from the 2024 Appropriation, bringing the total disbursed to ₦66 billion. This funding, part of the government’s effort to settle accrued pension rights, was transferred to the Retirement Benefits Bond Redemption Fund (RBBRF) Account at the Central Bank of Nigeria.
The disbursed amount covers retirees from Federal Government Treasury-funded Ministries, Departments, and Agencies (MDAs), including those verified for the period between October 2023 and January 2024, and also some deceased employees. The funds have been credited to the affected retirees’ Retirement Savings Accounts (RSAs) through their respective Pension Fund Administrators (PFAs).
PenCom has urged retirees to contact their PFAs to complete the necessary paperwork to ensure timely access to their retirement benefits. The Commission remains committed to resolving any outstanding pension liabilities in collaboration with relevant authorities.
