CPS: Retirees’ monthly pension payments rise 22% under Tinubu – PenCom

Nigeria’s National Pension Commission (PenCom) has said monthly pension payments to retirees under the Contributory Pension Scheme (CPS) increased by 22 per cent to N14.83 billion.
The Director-General of PenCom, Omolola Oloworaran, disclosed this on Tuesday during a briefing in Abuja.
She said that under President Bola Ahmed Tinubu’s administration, monthly pension payments to retirees who had worked for the country increased by N2.68 billion, representing a 22 per cent rise from N12.15 billion to N14.83 billion.
According to her, reforms introduced in the pension sector over the past two years have considerably reduced the challenges facing the industry, particularly those affecti...