(By our Editors)
The Federal Governement has increased the pension of retirees to N32,000, as confirmed by the National Salaries, Wages, and Income Commission (NSIWC).
A memo dated September 27, 2024
Retirees from various sectors, including doctors, health workers, lecturers, police, paramilitary, and armed forces, under specified salary structures will benefit from this increment
The approval of the N32,000 increment takes effect from July 29, 2024, aligning with the implementation date of the amended new National Minimum wage.
Following the consequential adjustment in salary structures by the federal government committee set up to review the new minimum wage, retirees will now receive an increment of N32,000 in their monthly pensions.
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