FG added N32,000 in monthly pensions for retirees following the resultant modification in salary structures by the government-appointed committee to assess the new minimum wage, Cyber Reporters report.
This was revealed in a memo from the National Salaries, Wages, and Income Commission that The PUNCH obtained on Monday.
According to the document, dated September 27, 2024, and signed by NSIWC Chairman Ekpo Nta, the impacted retirees are individuals who retired under salary programs for doctors, health workers, lecturers, police, paramilitary, armed forces, and others.
“Consequent upon the implementation of the National Minimum Wage (Amendment) Act 2024 and the consequential adjustments in the salaries of employees in the Federal Public Service, the President of the Federal Republic of Nigeria has approved an increase of N32,000 per month on the pensions of retirees under the defined benefits scheme of agencies on the following salary structures:
Consolidated Public Service Salary Structure, Consolidated Research and Allied Institutions Salary Structure, Consolidated Universities Academic Salary Structure, Consolidated Tertiary Institutions Salary Structure II, Consolidated Polytechnics and Colleges of Education Academic Staff Salary Structure, and Consolidated Tertiary Educational Institutions Salary Structure.
“The approval takes effect from July 29, 2024. Agencies that are not part of any of the above-mentioned salary structures should, in line with Section 173 (3) of the 1999 Constitution of the Federal Republic of Nigeria (as amended) and Section 3 (P) of the NSIWC Act, apply to the commission to determine the appropriate increase that will apply to their retirees.”
Recall that the Committee on Consequential Adjustments in Salaries for Civil Servants met on Friday regarding the new minimum wage template and agreed that the effective date for the implementation of the new minimum wage would be set on July 29, 2024.
