The union noted, “The timely intervention has brought great relief and renewed hope to many of our members who have waited patiently for years.”
Nigeria’s pension assets rose to N29.43 trillion in February, representing a month-on-month increase of N1.39 trillion.
The NLC president added that there was no law abolishing gratuity in the civil service.
Retired workers have appealed to the government to review the Pension Reform Act 2014 to address emerging challenges and enhance access to full retirement benefits.
She said that only 17 of 36 states had fully implemented the scheme.
Mr Ajaero also demanded for better worker benefits and accountability.
The federal government has approved ₦758 billion in bonds to offset long-standing pension liabilities, including pension increases owed since 2007.
The National Pension Commission says the Contributory Pension Scheme has rewritten Nigeria’s pension story over the last two decades.
He said the introduction of the Contributory Pension Scheme in 2024 negatively impacted the welfare package of its retired members.
Ms Oloworaran briefed the president on efforts to preserve pension fund value amid inflation and economic pressures.
