TMV Hails Tinubu Over N13.87bn Pension Arrears Payment to 18,822 Retirees
Oru Leonard
The Tinubu Media Volunteers (TMV) has commended the Federal Government for disbursing N13.87 billion in pension increase arrears to 18,822 retirees under the Defined Benefit Scheme (DBS), describing the intervention as another significant step towards alleviating poverty and improving retirees’ welfare.
In a statement jointly signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, the group said the payment would provide financial relief to the beneficiaries and positively impact their families and dependants.
TMV explained that the disbursement covers outstanding pension entitlements up to October 2026, arising from the 13.8 per cent and 20.55 per cent pension increases approved by President Bola Ahmed Tinubu.
According to the group, the payments also address accumulated arrears dating back to 2021, with varying periods applicable to pensioners of the defunct Power Holding Company of Nigeria (PHCN) and five other former federal government agencies.
It noted that the pension adjustments, approved by the National Salaries, Incomes and Wages Commission, cover a cumulative period of 22 months.
The group further observed that the payment represents part of the Federal Government’s efforts to correct longstanding challenges in pension administration, ensure the settlement of outstanding obligations and strengthen the financial security of retired public servants.
TMV stated that the Tinubu administration had demonstrated commitment to improving pension administration through the timely payment of entitlements and sustained interventions aimed at enhancing the welfare of retirees under the Defined Benefit Scheme.
It added that clearing the accumulated pension arrears was particularly important at a time when many senior citizens face economic difficulties, stressing that the intervention would help beneficiaries meet essential household needs and improve their standard of living.
The group maintained that the disbursement further demonstrates the Federal Government’s determination to fulfil its obligations to retirees and ensure that those who served the country receive the benefits due to them.
