Retirees Now Access Pensions Within 48 Hours As FG Clears All Legacy Liabilities—PenCom

The federal government has cleared all outstanding pension liabilities amounting to N758 billion, some dating back almost two decades, the National Pension Commission (PenCom) has said.

The director-general of PenCom, Ms. Omolola Oloworaran, disclosed this on Tuesday in Abuja at the Senior Citizens Day of the maiden National Pension Week with the theme “Pension for All: Building a Secure Future Together.”

Speaking to retirees, senior citizens and stakeholders, the DG said the present administration has prioritised dignity in retirement, noting that retirees under the Contributory Pension Scheme now receive their benefits within 48 hours of retirement, provided documentation is com...