Former employees of the defunct Power Holding Company of Nigeria will not receive another pension increase until January 1, 2027, the National Salaries, Income and Wages Commission has said, following a reassessment of records that altered their eligibility for recent pension adjustments.
The commission said ex-PHCN retirees were initially included among beneficiaries of the 10.66 per cent and 12.5 per cent pension increases after information from the Pension Transitional Arrangement Directorate indicated that their last pension adjustment took place in 2010.
However, in a letter sent to The PUNCH in response to enquiries over complaints by the retirees, the commission said further engagement with PTAD showed that the last pension increase received by the former electricity workers took effect from June 1, 2016.
The letter was signed by the Head of Pension Management on behalf of the Acting Secretary to the National Salaries, Income and Wages Commission.
The clarification followed
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