Odimmegwa Johnpeter/Abuja
The Tinubu Media Volunteers (TMV( has applauded the disbursement of an arrears of N13.87 billion in pension increase to 18,822 retirees.
In a statement by its Chairman Chukwudi Enekwechi and Secretary Segun Ogedengbe, the group said ut would positively impact families of the beneficiaries.
It said: The arrears paid under the Defined Benefit Scheme (DBS) covers the outstanding entitlements of the pensioners through to October 2026.
“We acknowledge that it covers arrears arising from the 13.8% and 20.55% pension increase as approved by President Bola Tinubu. The payments also cover increases from dating back to 2021 with different arrears periods applying to pensioners of the defunct Power Holding Company of Nigeria (PHCN) and five other defunct federal government agencies.
“We note that the increase was approved by the National Salaries, Incomes and Wages Commission and covers 22 months.
“It is also noted that the payment of the pension arrears is being implemented by the federal government to address the perennial anomalies associated with pensions in the country, and to improve the well-being of the pensioners and their dependants.
“We acknowledge that under the Tinubu administration there is a commitment to efficient pension administration, timely payment of entitlements and continuous improvement in the welfare of the pensioners under the Defined Benefit Scheme.”
The group added that the payment of arrears of increased pension is yet another evidence to show that the federal government is focused on restoring the living standard of the retirees.
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