The National Pension Commission (PenCom) said it has received an additional N22 billion from the Office of the Accountant General of the Federation (OAGF) as part of the 2024 Appropriation.
The funds, covering the period July to September, according to PenCom, were paid into the Retirement Benefits Bond Redemption Fund (RBBRF) Account at the Central Bank of Nigeria.
In a notice on Tuesday, the Commission said the disbursement is aimed at partially settling unpaid accrued pension rights for retirees of Federal Government Treasury-funded Ministries, Departments, and Agencies (MDAs) under the Contributory Pension Scheme (CPS).
PenCom revealed that the funds have been applied to cover the accrued pension rights of retirees who were duly verified and enrolled.
“This disbursement brings the total amount released so far from the 2024 Appropriation for accrued rights settlement to N66bn.
“All affected retirees are encouraged to contact their PFAs to complete the necessary documentation to access their retirement benefits.
“PenCom has also directed PAs to expedite the processing of payments to ensure retirees promptly receive their entitlements.”
