Nigerian govt begins pre-retirement verification for workers
She explained that the objective of the workshop was to assist prospective retirees achieve easy transition to retirement life, come 2019.
“One of the salient objectives of the Pension Reform Act (PRA 2014) is to make pension administration transparent and seamless.
“Accordingly, the Commission has established uniform set of rules, regulations and standards for all aspects of pension administration, including payment of retirement benefits to retirees,” she said.
The Director, Corporate Communications, PENCOM, Mr Peter Aghahowa, blamed the delay in the payment of retirees on under-appropriation by the Federal Government.
“The outstanding amount for accrued rights has been communicated to government and in previous times, what was appropriated was not enough.
“Once we communicate a figure to government and if money is not released completely, retirees will be affected because these are absolute figures of verified retirees,” he said.
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