Tinubu <\/a>and PenCom Director-General Ms. Omolola Oloworaran, demonstrates the government\u2019s commitment to the welfare of retirees.<\/p>\n\u201cWith this approval, NSITF retirees will now go home with over N206,000 monthly pension, up from N18,000, and at least N3 million in pension arrears per retiree,\u201d the statement said.<\/p>\n
PenCom added that this marks the first pension increase for NSITF retirees in 21 years, addressing long-standing disparities and restoring the value of benefits in line with statutory provisions and prevailing economic conditions.<\/p>\n
\u201cAdditionally, as part of the enhancement, the 2,116 NSITF retirees have received N8.70 billion in pension arrears, with an average payment of about N3 million per retiree.<\/p>\n
\u201cIn one notable case, a retiree\u2019s monthly pension increased from about N18,000 to N206,000, alongside over N8 million in arrears,\u201d the commission added.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Nigerian government, through the National Pension Commission (PenCom), has approved a 1,173% increase in pensions for retirees of the Nigeria Social Insurance Trust Fund (NSITF), nearly 21 years after protests for better benefits. PenCom disclosed in a statement on Wednesday that the 2,116 NSITF retirees will now receive a monthly pension of N159.95 million, […]<\/p>\n","protected":false},"author":14,"featured_media":240580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[3012,3013],"class_list":["post-240579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-nsitf","tag-pencom"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/abiaradiostations.com.ng\/news\/wp-content\/uploads\/2026\/01\/President-Bola-Tinubu-1280x720-1.png","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/posts\/240579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/comments?post=240579"}],"version-history":[{"count":0,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/posts\/240579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/media\/240580"}],"wp:attachment":[{"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/media?parent=240579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/categories?post=240579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abiaradiostations.com.ng\/news\/wp-json\/wp\/v2\/tags?post=240579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}