CPS: FG Releases N11.82bn For Payment Of Accrued Rights To Retirees

PRESS RELEASE—The sum of N11.818 billion has been released by the Federal Government for payment of accrued rights.

Accrued rights represent benefits for employees of Treasury Funded MDAs who worked up to June 2004, when the Pension Reform Act was introduced.

The Commission appreciates the effort of the Federal Government at ensuring that the accrued rights arrears are cleared.