The Military Pensions Board (MPB) has assured its esteemed military retirees that, it would be paying 25 percent of the arrears of minimum wage increments to eligible military retirees on MPB payroll.
A statement signed by Rear Admiral SA LAWAL, Chairman of MPB indicated that, the payment started on Thursday 3ed, February 2022.
According to the statement, “The payment is the first out of four installmental payments that will be made to all pensioners entitled to the arrears of minimum wage increment on pensions.
“Our esteemed pensioners are please to note that this installmental payment arrangement is the outcome of the discussions and agreement reached between the Board and the Federal Ministry of Finance, Budget and National Planning (FMoFBNP) for quarterly releases of the appropriated sum in the first month of each quarter.
“Thus, all things being equal, subsequent payments of the outstanding arrears will be in the months of April, July and October 2022.
“Additionally, I would like to further inform that all Next of Kins (NOKs) of deceased military pensioners who are eligible for same arrears would be paid the minimum wage increments together with the shortfall of the death benefits earlier paid to them.
“Accordingly, Next of Kins of deceased military pensioners who died between April 2019 and April 2021 are advised to contact their banks for these payments.”
The statement further showed that, this payment is basically for arrears of increment in pensions of military retirees who are on MPB payroll between 18 April 2019 and 30 April 2021.
In addition, it is pertinent to state that “pensions of senior officers of the rank of Major General and above or its equivalents are not affected by the consequential adjustments on pensions occasioned by the new National Minimum Wage (Amendment) Act 2019. Hence, they are not entitled to the 24 months minimum wage arrears.”
The MPB wish to assure its esteemed military retirees, NOKs and other well-meaning Nigerians that the Board remains resolute and will ensure complete payment of the arrears before the end of the year, subject to release of funds by the FMoFBNP.
While thanking all for their patience, understanding and continued support, the Board asked all concerned military retirees to accept its “esteemed regards as always.”