Senate urges FG to settle N400 billion pension liability

Senate urges FG to settle N400 billion pension liability

The Chairman of the Senate Committee on Pension Matters, Sen. Ibrahim Shekarau, has urged the Federal Government to pay the over N400 billion it is owing pensioners under the Contributory Pension Scheme.

Shekarau made the call on Friday in Lokoja while assessing the ongoing data capturing and verification of Federal pensioners in the state by the Pension Transitional Arrangement Directorate (PITAD).

He said that the amount represented the difference of 2.5 per cent from 7.5 per cent to 10 per cent in the contribution of the Federal Government which had accumulated over the years.

Continue reading Senate urges FG to settle N400 billion pension liability at Vanguard News.

Source: Senate urges FG to settle N400 billion pension liability


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