The Nigeria Union of Pensioners Contributory Pension Scheme Sector (NUPCPS) has appealed to the Federal Government for the release of funds to cover accrued rights for retirees. The National Chairman of NUPCPS, Mr. Sylva Nwaiwu, speaking in Abuja, emphasized the hardship faced by workers who retired under the Contributory Pension Scheme (CPS), stating that many have been waiting nearly 20 months for their benefits, with the Office of the Accountant-General of the Federation (OAGF) yet to release necessary funds.
Nwaiwu highlighted that funds for accrued rights and a pension increment of N32,000 were approved in the 2023 and 2024 national budgets, but disbursements remain stalled. As a result, he warned that senior citizens may resort to occupying the OAGF premises if delays persist. Nwaiwu also called for transparency, urging the OAGF to clarify how funds allocated annually since 2019 for CPS retirees have been utilized.
The NUPCPS Chairman concluded by stressing the importance of timely benefit payments, which are the cornerstone of the Contributory Pension Scheme’s mission.