According to the Director-General, National Pension Commission, Aisha Umar, most federal government workers that retired from March 2020 to March 2021 have not been paid their pensions.
She revealed this while presenting her welcome remarks during the oversight visit of the Senate Committee on Establishment and Public Services to the commission in Abuja.
In the remark obtained on Sunday, Umar said, “It is perhaps appropriate at this juncture to highlight some of the major challenges of the commission.
“As you are aware, the fundamental objective of the pension reform is to ensure that every worker receives their retirement benefits as and when due.
“However, it is sad to report that there are, today, a large number of Federal Government employees who retired from March 2020 to March 2021 under the Contributory Pension Scheme that are yet to receive their pensions due to non-payment of their accrued pension rights.
“This challenge, which started in 2014, was essentially triggered by the appropriation of insufficient amounts for payment of accrued pension rights of FGN retirees and further aggravated by late or non-release of full appropriated amounts.”
She said, “Another issue that is worth mentioning to this distinguished committee is the persistent complaints against certain sections of the Pension Reform Act 2014, which need amendments.
“This is normal with every new system and the experience of the CPS in Nigeria is bound to be the same. Consequently, the commission had obtained inputs from critical stakeholders and cataloged their proposed amendments of provisions of the PRA 2014.
“However, as was done in the first review exercise that birthed the present Act, it is imperative to subject the proposed amendments to extensive experts’ and stakeholders’ engagements prior to presentation to the Federal Executive Council and then National Assembly for further legislative action.”