The Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, has requested the assistance of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to help in reducing the high cost of governance in the public sector.
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Calabar – President Muhammadu Buhari has granted the approval indicating an increase in payment of pension to pensioners under the pension scheme arising from increment in the minimum wage.
Mr Ekpo Nta, Acting Chairman, National Salaries, Incomes and Wages Commission, confirmed this on Friday in Calabar while briefing newsmen on the development.
Nta explained that the increment in the payment of the pension, which was with immediate effect, would be backdated to April 18, 2019 when the minimum wage was signed into law.
He added that the affected pensioners will all be paid the arrears.
“I am very delighted to inform you that as soon as Mr. President gave his approval, the circular indicating the pension increases for pensioners under the defined pension scheme was issued on April 29 to all relevant stakeholders for immediate implementation with effect from 18th April 2019.
Vanguard News
Minimum Wage: Pensioners to enjoy increment, as Buhari gives approval NSIWC Ag.Chairman
On
By Ike Uchechukwu, Calabar
Pensioners will now enjoy the increase in payment of their pension under the defined Pension scheme following the increment in the minimum wage to 30,000 approved since April 18, 2019.
Vanguard learned that the approval took effect from April 29, 2021, following the approval by President Muhammadu Buhari but would capture all pensioners from April 18, 2019, since the 30,000 naira minimum wage was signed into law.
The Acting Chairman, National Salaries, Incomes and Wages Commission, Ekpo Nta Esq, made the revelation on Friday in Calabar while briefing newsmen on the development.
Views: Visits 17 …says affected pensioners to be paid arrears from 2019 By Ike Uchechukwu, Calabar Pensioners will now enjoy the increase in payment of their pension under the defined Pension scheme following the increment in the minimum wage to 30,000 approved since April 18, 2019. Vanguard learned that the approval took effect from April 29, 2021, following the approval by President Muhammadu Buhari but would capture all pensioners from April 18, 2019, since the 30,000 naira minimum wage was signed into law. The Acting Chairman, National Salaries, Incomes and Wages Commission, Ekpo Nta Esq, made the revelation on Friday in Calabar while briefing newsmen on the development. Nta disclosed that the increase in the payment of the pension took effect immediately adding it would capture persons from April 18, 2019, when the minimum wage was signed into law.