Military Pensions Board pays Minimum Wage Arrears – PensionNigeria

Military Pensions Board pays Minimum Wage Arrears

Military Pensions Board (MPB), on Thursday, said it had paid the third tranche of 25% of the 24 months arrears of the National Minimum Wage increment to eligible retirees.

The Chairman of the board, Rear Adm. Saburi Lawal, in a statement issued in Abuja, said that the payment was made on Thursday. Lawal said the third installment was paid to eligible military retirees who were active on the board’s data base.

He added that it was also in fulfillment of the agreement reached between the board and the Federal Ministry of Finance, Budget and National Planning (FMoFBNP) for quarterly release of the appropriated sum within the year.

The chairman said that all next – of – kins (NOKs) of deceased military pensioners, who were entitled to the same arrears had also been fully paid. He advised all concerned military pensioners to contact their banks for their entitlements.

Lawal said the MPB would also like to thank our esteemed military retirees for their patience, understanding and continued support, and pledged to ensure the payment of the fourth and final tranche of the arrears before the end of the year.

Support PensionNigeria financially here, empower us to do more independent analysis of the Pension Industry in Nigeria

Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening. Click here to Subscribe

Subscribe to PensionNigeria Weekly Newsletter to ensure you don’t miss any post Click here to Subscribe

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube

error: Content is protected.