PenCom increases NSITF pensions by 1,173%, pays N8.70bn arrears
By Rosemary Iwunze The National Pension Commission (PenCom) has approved an upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), increasing their total monthly pension payments from N12.56 million to N159.95 million. The upward review translated to an unprecedented 1,173% enhancement in the total monthly payout. According to PenCom: “The […]
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