Professional Service

FG will Clear Pension Liabilities Soon –PenCom DG

The Federal Government will soon clear the pension backlogs of Ministries, Departments and Agencies (MDAs) that have been pending since March, last year, the Acting Director-General, National Pension Commission (PenCom), Omolola Oloworaran, has said.

She stated this yesterday in Lagos at the workshop on Online Enrolment Application for Pension Desk Officers of Federal Government of Nigeria (FGN) Treasury-Funded MDAs under the Contributory Pension Scheme (CPS).

She stated that though the delay in the release of funds by the Federal Government for the payment negates the objective of the CPS to pay promptly, she assured that the situation would soon be resolved.

She said efforts had reached advanced stage, to not only clear outstanding pension liabilities, but to also put in place machinery that would address the problems.

The PenCom boss said they had met with various stakeholders, including the Minister of Finance and Accountant-General of the Federation, on the matter and that a lasting solution was on the way.

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