The National Pension Commission has said that it is working to ensure that public service retirees get pension increments as provided in the nation’s Constitution.
Acting Director General of PenCom, Ms Omolola Oloworararan, who stated this in Lagos.
The 1999 Constitution of the Federal Republic of Nigeria (as amended) guarantee pensioners’ rights to periodic reviews of their pensions every five years.
The Pension Reform Act (PRA) 2014 objectives, functions, and powers include regulating, supervising, and ensuring the effective administration of pension matters and retirement benefits in Nigeria.
Recently, the Nigerian Union of Pensioners, NUP Secretary in Kaduna State, Alhassan Musa, described the condition of the retirees as “pathetic”.
Musa, who is also the NUP secretary in charge of the 19 Northern states and the North-West, said only retirees in Kaduna State were earning N30,000 minimum pension monthly, adding that workers who retired under the contributory pension scheme, CPS, were facing formidable challenges.