2 min read The Federal Government has approved the adjustment in pensions of retirees under the defined benefit pension scheme arising from the implementation of the New National Minimum Wage Act 2019. In an interview with the News Agency of Nigeria (NAN) on Friday, Ekpo Nta, Acting Chairman, National Salaries, Incomes and Wages Commission (NSIWC) said the approval would take effect from April 18, 2019. The circular from the NSIWC on Thursday noted that pensioners who retired on Grade Level 17 on CONPSS would receive a new monthly pension of N188,688.49, representing a nine per cent increase. Grade level 16 retirees would receive N154,576.39, while those on level 15 would get N123,964.72, both also representing a nine per cent increase.