Friday 26 September 2014

FG begins implementation of 33.4% pension increase in Oct

THE Federal Government has approved October 2014 as implementation date for the 33.4 per cent pension increase for federal retirees.

This was the outcome of the meeting of the Presidential Technical Committee on pension, held at the Conference Room of the Secretary to the Government of the Federation (SGF) on Wednesday.

Nigerian Tribune gathered that the meeting was held after the Wednesday Federal Executive Council (FEC) meeting.

The meeting had SGF, Senator Anyim Pius Anyim, Minister of Labour, Chief Emeka Wogu, Minister of State Finance Ministry, Head of Civil Service of the Federation, Director-General, Salary and Wages Commission and the Director-General Pension Transitional Administration Directorate.

Others were the General Secretary, Nigeria Labour Congress (NLC), Dr Peter, NLC Vice President, Alhaji Bungudu, President and General Secretary of Nigeria Union of Pensioners (NUP), Dr A. Afolayan and Elder Actor Zal and a number of NUP representatives nationwide.

At the meeting, it was resolved that the long-awaited implementation of 33.4 per cent pension increase would be effected from October 2014.

A source at the meeting said the Federal Government was expected to release the enabling circular to that effect on today.

SGF was quoted to have pledged the payment of the arrears from January 2010 will be appropriated in the 2015 budget.

Minister of Labour, Wogu, in his vote of thanks on behalf of SGF, appreciated the civilian pensioners for their patience and endurance all the while.

He thanked them for their support for the Federal Government, despite the delay in implementation, especially when their military counterparts had been enjoying the payment since 2013.




Source: Tribune

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