pension

30,356 FG retirees get N3.82bn backlog payment

By Victir Ahiuma-Young There is relief for 30,356 Federal Government retirees under the Defined Benefit Scheme, DBS, as the Pension Transitional Arrangement Directorate, PTAD, has disbursedaa N3.82 billion in accrued pension arrears to them. The Directorate disclosed that it paid a total of N3,817,568,592.80 in pension arrears to affected DBS pensioners across the Parastatals Pension […]
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Unpaid benefits: FG, MWUN set up c’ttee on disengaged defunct NNSL employees

There are strong indications that the lingering battle by the Maritime Workers Union of Nigeria, MWUN, for the payment of benefits to disengaged and aged seafarers of the defunct Nigerian National Shipping Line, NNSL, may finally yield positive results as the union has signed a Memorandum of Understanding, MoU, on how to address the protracted issue.

Pension assets hit N15.58tn — PenCom

By Victor Ahiuma-Young The National Pension Commission, PenCom, has said the total pension assets is over N15.58 trillion. Director-General of the Commission, Aisha Dahir-Umar, disclosed this yesterday in Lagos at a workshop the Commission organised for Labour Writers Association of Nigeria, LAWAN, with the theme, “Securing the Future: The Benefits of the Contributory Pension Scheme to […]

ASCSN insists on payment of gratuity to civil servants

ASSOCIATION of Senior Civil Servants of Nigeria, ASCSN, has vowed to continue to push for the payment of gratuities to all categories of civil servants on retirement in line with constitutional provision.

Pensioners in S-West demand 35% pay rise

NIGERIA Union of Pensioners, NUP, has called on the governors in the South West zone of the country to immediately implement the consequential adjustment and the 35 per cent increment in pensions for retirees to lessen their suffering.

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