The National Pension Commission, (PenCom), has given a hint that it is working towards ensuring that public service retirees get pension increments as provided for in the nation’s Constitution.
PenCom’s Acting Director-General, Ms. Omolola Oloworararan, who gave this hint in Lagos, said “We are working to ensure that pensioners under the CPS and other pension arrangements benefit from pension increments provided for in the1999 Constitution (as amended)”.
The 1999 Constitution of the Federal Republic of Nigeria (as amended) guarantee pensioners’ rights to periodic reviews of their pensions ¹. Unfortunately, the Federal Government and the Minister of the Federal Capital Territory (FCT) Abuja have not fulfilled their duties to review pensions every five years as required by the Constitution.
The Pension Reform Act (PRA) 2014 objects, functions, and powers include regulating, supervising, and ensuring the effective administration of pension matters and retirement benefits in Nigeria.
PenCom is yet to issue specific regulations, directives, or rules respecting the review of pensions for federal government employees or the FCTA.
The Nigerian Union of Pensioners, (NUP) has been clamouring for the Constitutional provisions to be implemented.
