FEDERAL GOVERNMENT APPROVES 2.6 BILLION NAIRA TO PAY PENSION INCREMENT ARREARS

The Pension Transitional Arrangement Directorate has approved the payment of the final tranche of the six months’ arrears of 33 per cent pension increment to pensioners.

It said the payment would be paid to 103,710 civil service pensioners.

It would be recalled that the Federal Government announced a 33 per cent pension increase for pensioners in July 2010.

The Federal Government began the payment of the increment from January 2014 leaving arrears of 42 months.

Out of the 42 months that were outstanding as at 2014, 24 months were paid in 2016; six months were paid in 2017, while six months were paid in November 2018.

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