The National Pension Commission (PenCom) has fully paid all retirees who exited service in November under the Contributory Pension Scheme (CPS), ending chronic delays in pension disbursements for treasury-funded workers.

PenCom confirmed that December retirees will receive their accrued rights by December 15, ensuring timely access ahead of the festive season. The improved payment process follows administrative reforms, stronger remittance oversight, and the Federal Government’s release of N758 billion in bond proceeds to settle outstanding pension liabilities.

The Commission is also working with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to enforce employer compliance and prevent future delays.

The move signals a more predictable and reliable pension system for Nigerian retirees. Visit www.jocomms.com for more news.