Business

‘FG may increase workers’ pension in 2024’ – NSIWC

The National Salaries, Incomes and Wages Commission has hinted that pensioners in the federal civil service may get a raise in their pension stipends next year.

This information is based on details contained in the report on the harmonization of pensions submitted to the Federal Government by the NSIWC.

According to the report, the increment in pension stipends would be for Federal Government pensioners under the new pension scheme as well as for those in the previous scheme.

The wages commission informed the executive committee of the Nigeria Union of Pensioners that it was following up on the report it submitted to the Federal Government as regards the pensions of retirees.

The pensioners, led by their Chairman, Samuel Adewale, visited the Chairman of the wages commission, Ekpo Nta, to get clarifications on the proposed pension raise for federal workers, according to a statement issued in Abuja by the Head of the commission’s Press Unit, Emmanuel Njoku.,

Furthermore, in response to the complaints of the pensioners on non-receipt of the payment of the recently approved palliatives, the NSIWC chairman noted that the relevant organs of government were addressing the issues.

Also, the Chairman of, the Committee on Pension NUP-ASU/Parastatals, Gabriel Oladele, one of the delegates, urged the NWISC to intervene in the wrong computation of their consequential adjustments and the unreasonable deductions from their pensions after decades of enjoying the harmonization, reading Nigerian same, the statement added.

The NSIWC statement further explained that Nta assured seamless preparations for pension review in 2024 as provided by the National Minimum Wage Act 2019 and Section 173(3) of the Constitution of the Federal Republic of Nigeria 1999 (as amended).