With the recent signing of the 2018 National Budget by President Muhammadu Buhari last week, there seems to be a renewed hope for the federal government retirees as the government has included the payment of N97.5 billion accrued pension rights for its former workers in the current budget, LEADERSHIP can now exclusively reveal.
Although, the presidency accused the National Assembly (NASS) of reducing its budget for the retirees by N5billion from the provisions of Federal Government Retirement Benefit Bond Redemption Fund and Public Service Wage Adjustment, there are strong indications that presidency will include the N5 billion cut-off in the supplementary budget expected to be sent to the national assembly (NASS.)
Investigation revealed that the benefiting federal pensioners are those who retired from federal civil service between April 2017 to May, 2018 and are yet to be paid as well as some retirees who were under Defined Benefits Scheme(DBS) and have over three years to…
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