PenCom credit accrued pension rights for retirees up 2029.
By Victor Ahiuma-Young The National Pension Commission, PenCom, has credited accrued pension rights to the Retirement Savings Accounts, RSAs, of enrolled federal employees due to retire up to December 2029, in a major step towards ensuring timely payment of retirement benefits.
The Director-General of PenCom, Ms Omolola Oloworaran, disclosed this, also highlighted the Federal Government’s efforts to settle outstanding pension obligations and improve retirement security for Nigerian workers.
“Through our one-time verification and enrolment exercise, accrued rights have already been credited to the Retirement Savings Accounts of enrolled federal employees due to retire up to December 2029,” Oloworaran said.
She urged eligible employees and Ministries, Departments and Agencies, MDAs, to complete the enrolment exercise before it closes in December 2026. The PenCom Director General said the initiative formed part of broader reforms aimed at eliminating delays in the payment of retirement benefits and ensuring that workers receive their entitlements as and when due. According to her, President Bola Ahmed Tinubu had approved a N758 billion Federal Government Pension Bond to settle inherited pension liabilities, some of which had remained outstanding since 2007. She informed that payments through the bond had reached 957,045 beneficiaries.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Vanguard.