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The Tinubu Media Volunteers (TMV) has commended the Federal Government for settling pension arrears amounting to approximately N758 billion owed to 957,045 retirees.
The group said the payment had cleared pension backlogs that had accumulated since 2007, describing the development as a significant step towards addressing the longstanding challenges facing pensioners in the country.
In a statement jointly signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, TMV said the administration of President Bola Tinubu had taken steps to settle inherited pension liabilities and introduce measures to improve pension administration.
The group noted that the payment marked the end of decades of accumulated pension arrears passed down from successive administrations.
According to the statement, the decision to settle the outstanding benefits demonstrates the administration's commitment to the welfare of retired federal workers who served the country in various capacities.
TMV stated that the payment was consistent with the Renewed Hope Agenda and formed part of the broader institutional and economic reforms being implemented by the Tinubu administration.
It stressed that retirees deserved to receive their entitlements after years of service to the nation, adding that the settlement would help address some of the financial challenges associated with delayed pension payments.
The group also commended the National Pension Commission (PenCom) for introducing the Zero Waiting Time Policy, noting that the initiative was aimed at reducing delays in pension payments.
It further praised the commission's efforts to expand pension awareness and outreach, as well as engage stakeholders in the pension industry to ensure the effective and seamless implementation of the national pension policy.