Military Pension Board Pays 24 Months Arrears of Increment to Pensioners
- The Military Pensions Board (MPB) said it recently commenced payment of the second tranche of payments due to beneficiaries
- The MPB stated that 25 percent of the arrears of minimum wage increments to eligible military retirees were paid on Friday, May 6, and concluded on Tuesday, May 10
- All eligible military pensioners were advised by the MPB to contact their banks for their entitlements
PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed!
FCT, Abuja - The Military Pension Board (MPB), on Tuesday, May 10 announced that it has paid the second tranche of 25 percent arrears of minimum wage increment to eligible military retirees.
Chairman of the board, Rear Admiral Saburi Lawal in a statement sent to Legit.ng, said that the payment was made between Friday, May 6, and Tuesday, May 10.
Source: Twitter
Rear Admiral Lawal said that the payments had already been sent to the various bank accounts of pensioners on the MPB payroll advising all eligible military pensioners to contact their banks for their entitlements.
Part of the statement read:
PAY ATTENTION: Join Legit.ng Telegram channel! Never miss important updates!
“This payment is the second installment being paid to eligible military retirees who are active on the board’s database.
“It is in fulfillment of the agreement reached between the board and the federal ministry of finance, budget and national planning for quarterly releases of the appropriated sum in the first month of each quarter of this year.
“It is important to state that these payments are basically for arrears of increment in pensions of military retirees who are on MPB payroll between April 8, 2019, and April 30, 2021, occasioned by the new National Minimum Wage (Amendment) Act, 2019.
“It is also necessary to state that all next of kins of deceased military pensioners, who are entitled to these same arrears, have been paid in full.”
On behalf of our esteemed military pensioners, therefore, the board wishes to thank President Muhammadu Buhari for his immense support to the board and military retirees.
Also, the board extends its appreciation to the minister of defence, Maj Gen BS Magashi (rtd), the Chief of Defence Staff, Gen LEO Irabor as well as the Service Chiefs for their constant support to the board towards meeting its constitutional mandates.
The MPB chairman said that the board had fully settled the death benefits of all confirmed next of kin of deceased military personnel and pensioners.
According to him, the payments are made possible through the federal government’s support to ensure the regular release of funds to the board.
He assured the retirees and pensioners as well as next of kins of deceased personnel that the board would complete the payment of the 24-month minimum wage arrears before the end of the year.
Insecurity: Governor Okowa tasks Nigerian military on troops’ welfare
Recall that the Delta state governor, Senator Ifeanyi Okowa, recently called on Nigerian military authorities to prioritise the welfare of officers and men of the armed forces to motivate them in the fight against insurgency and other violent crimes in the country.
Okowa made the call on Monday, May 9 at the 2022 Defence Retreat with the theme "Shaping the Armed Forces of Nigeria for Current and Future Security Challenges’’ held in Asaba, the Delta state capital.
He said that the armed forces may possess sophisticated weapons but that without motivated personnel, they would not achieve the desired result.
Source: Legit.ng
