Pencom-DG-Chinelo-Anohu-Amazu
Director General, National Pension Commission (PenCmo), Chinelo Anohu-Amazu. Image: Guardian NG

National Pension Commission (PenCom)has said N679bn was paid as accrued pension rights to retirees from 2007 to September 2018.

According to a statement by Pencom on the status of the accrued right payment, the fund for the 2018 budget was released on September 27, 2018, and was used to make payments in October 2018.

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“We are expecting August and September 2018 funds release due from the Federal Ministry of Finance, which would be enough to pay September to December 2017 batches of retirees,” the commission said.

On the activities of the Pension Transitional Arrangement Directorate, the commission stated during “A total number of 11 complaints on the Defined Benefits Scheme were received and forwarded to PTAD for resolution.”