President Muhammadu Buhari has finally approved the consequential adjustment in the pension of retirees under the defined benefit scheme.
In a circular released by the National Salaries, Income and Wages Commission, the agency disclosed that the new pension review was approved by President Buhari and will take effect from April 18, 2019.
The National Union of Pensioners for over two years had been urging the federal government to review and implement the minimum pension for retirees following the signing of a new Minimum Wage in 2019.
In a circular released by the National Salaries, Income and Wages Commission will take effect from April 18, 2019.
Reacting to the development, the National Union of Pensioners in a statement signed by its Head of Information, Comrade Bunmi Ogunkolade, commended the President for the release of the circular.