Federal Pensioners under the Contributory Pension Scheme have written to the Coordinating Minister of Finance and National Economy, Wale Edun, to demand the implementation of the earlier announced N32,000 increment in pension. The N32,000 increment for pensioners was announced shortly after the announcement of the N70,000 minimum wage for workers. The pensioners, who had earlier staged a peaceful rally at …

For Lagos State civil servants, the outcomes of their toil and sweat of active and meritorious service to the Centre of Excellence is continuously being recognised by Governor Babajide Sanwo-Olu. This came to the fore recently as the state government disbursed N740 million in accrued pension rights to another batch of 348 retirees. Making this disclosure was Director General of …

Following the consequential adjustment in salary structures by the committee set up by the government to review the new minimum wage, retirees will now receive an increment of N32,000 in their monthly pensions. This was revealed in a memo by the National Salaries, Wages, and Income Commission, sighted on Monday by The PUNCH. According to the memo, dated 27 September …

Ekiti State Governor, Biodun Oyebanji, has approved the payment of N1 billion as gratuity to retirees in the state. The Special Adviser to the Governor on Media, Yinka Oyebode, said that the approval was part of efforts to offset backlog of outstanding gratuities. In a statement in Ado Ekiti on Friday, Oyebode said “The payment is in fulfillment of the …

Many who have observed – and rightly so – that Lagos State Governor Babajide Sanwo-Olu’s heart exudes the proverbial milk of human kindness are totally on point because he always manifest this trait at every opportune time. Since his return to the Government House for a second and final term, a determined Sanwo-Olu has continued to make concerted efforts in …

Governor Babajide Sanwo-Olu of Lagos State has cautioned retirees against donating their pension to churches and mosques in the name of thanksgiving or tithe. Sanwo-Olu said retirees should use their pension to solve their family problems. He gave the caution during the 105 batch of retirement bond certificate presentation ceremony to retirees in the state yesterday. The governor said the …

The National Pension Commission (PenCom), has disclosed that it disbursed N117.89 billion as retirement benefit to retirees in the fourth quarter of 2023, Q4’23. Data obtained from the PenCom quarterly report shows a 22.88% increase as against N95.94 billion recorded in the third quarter of 2023, Q3’23. According to PenCom, the increase is a result of  higher lump-sum and annuity premium payments …