The National Pension Commission (PenCom) has disclosed that over 2,084 retirees cannot be placed on monthly pension payments and have left the Contributory Pension Scheme in the first quarter of 2022, IgbereTV reports
The National Pension Commission disclosed this in its first quarterly report on ‘Enbloc Payment of Retirement Benefits, saying that the affected workers retired with less than N550,000 in their Retirement Savings Accounts with their respective Pension Fund Administrators.
They had, therefore, been refunded all their contributions into the scheme, it added
