The golden years of retirement are supposed to be a season of rest, but for many Nigerian retirees, it has become a season of advocacy and endurance. Recently, senior citizens from across the federation have made a direct appeal to President Bola Ahmed Tinubu, seeking his urgent intervention over months and in some cases, years of unpaid pensions and arrears.
The delay in paying these “accrued rights” and arrears has left a vulnerable population in a state of financial limbo.
The outcry comes at a critical time. In recent months, the administration has shown signs of movement. President Tinubu recently approved a landmark disbursement of over ₦750 billion to clear long-standing pension liabilities. Additionally, the National Pension Commission (PenCom) has reported a record 180% increase in recoveries from defaulting employers.
While these billions look good on paper, the question remains: When will the money reach the pockets of those at the grassroots?
All they are asking for is the Immediate Settlement and the disbursement of the approved billions to clear the backlog.
Ensuring that older retirees receive pension increases that reflect the current economic reality.
A clear timeline from the Pension Transitional Arrangement Directorate (PTAD) and PenCom on when specific batches of arrears will be paid.
What do you think is the best way for the government to ensure every retiree gets paid on time? Share your thoughts in the comments below.