Director General, National Pension Commission (PenCom), Ms Omolola Oloworaran, yesterday, disclosed that the federal government had approved the issuance of N758 billion Federal Government of Nigeria (FGN) Bond to fully settle outstanding pension liabilities under the Contributory Pension Scheme (CPS).
Oloworaran said the landmark bond will resolve all accumulated pension liabilities to date.
Speaking at a media briefing on the sidelines of the Quarterly PenCom/Operators Consultative Forum in Abuja, Oloworaran hailed the decisive intervention by President Bola Tinubu. She said it signalled a new dawn for pensioners, ensuring that the CPS fulfils its core mandate of providing timely and adequate retirement benefits.