FG, pensioners renew rivalry over N400bn pension arrears

Despite claims by the Federal Government to have provided enough funds to clear outstanding pensions, recent developments have revealed that more funds are still needed to offset the over N400 billion currently owed retirees under the Contributory Pension Scheme (CPS) and the Defined Benefit Scheme (DBS). Although the Federal Government recently announced the release of N54 billion to cover payment to retirees under the CPS, available records on the part of the pensioners revealed that there is still an outstanding sum of N226 billion under the scheme. Also, another N174...The post FG, pensioners renew rivalry over N400bn pension arrears appeared first on New Telegraph Newspapers.
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