Pension Payment Subject To Funding, FG Tells Retirees
The Federal Government, through the Office of the Accountant General of the Federation, said the payment of accrued rights of pensioners under the Contributory Pension Scheme is subject to the availability of funds from the government.
“I am directed to inform you that the January – March and April to June 2024 allocations have been released to the National Pension Commission. Subject to the availability of funds, efforts are also ongoing to make further releases before the end of the year in order to reduce the outstanding pension liabilities under the Contributory Pension Scheme.
“Please, accept the assurances of the warm regards of the Accountant-General of the Federation.”
The pensioners had threatened to occupy the Ministry of Finance on December 16 should their 21-month backlog pension not be paid.
The pensioners had earlier staged a peaceful rally at the Ministry of Finance on November 12, 2024 and had written the Coordinating Minister of Finance and National Economy, Wale Edun, expressing appreciation for the minister’s “mature and civilized“ handling of their grievances.
However, they lamented that despite promises, the accrued rights account remained uncredited.
The pensioners are demanding the immediate release of the outstanding 21 months of accrued rights to retired public workers from March 2023 to November 2024.
They are also seeking payment of unpaid pension increments, including a 15% increase in 2007, a 33% increase in 2010, and a 20% to 28% increase in 2024.
They called on the Federal Government to declare a state of emergency in the CPS sector and take immediate steps to clear all government liabilities before December 16, 2024.
The pensioners’ union leadership stated that they had the mandate of their members nationwide to take this action, and they would not back down until their demands were met.
