By Dada Ahmed in Lokoja.
Hope is rising among retirees under the Federal Government’s Contributory Pension Scheme (CPS) as the process for disbursing the ₦757 billion treasury bond fund for the payment of various outstanding retirement benefits has reportedly reached 90 per cent completion.
An official of the Nigeria Union of Pensioners, Contributory Pension Scheme (NUPCPS), Kogi State branch, who spoke on condition of anonymity, disclosed this to The Reporters in Lokoja on Tuesday.
“From the look of things, we are hoping that CPS retirees will start receiving their payments towards the end of August this year,” the official said.
He explained that the union is actively engaging relevant authorities and leaving no stone unturned to ensure that the long-overdue allowances are disbursed to its members without further delay.
The unionist,who said he relied on the feelers from the national body of the unioon, urged members to remain patient and prayerful, adding that the process nears final execution.
The Reporters observed that many CPS retirees have been making frequent visits to their Pension Fund Administrators (PFAs) in Lokoja, seeking information on the commencement date of the payments.
However, PFA personnel have remained silent on the matter, offering no clear answers.
Our correspondent recalls that President Bola Ahmed Tinubu had earlier sent a ₦758 billion treasury bond as proposal to the Senate for approval for the settlement of outstanding pension liabilities, including those owed to CPS retirees since 2007.and the Senate approved it about two weeks ago.
