Monthly pension is not favour to retirees - Tinubu

President Bola Tinubu has said that the outgo of monthly pensions to retirees is not a favour granted by his administration.

Tinubu made the assertion during the unveiling of PenCare successful Abuja connected Thursday.

The President, who was represented by the Secretary to the Government of the Federation, SGF, George Akume, said pensions are wages earned, deferred and held successful spot for retirees.

"A pension is not a favour granted by Government. It is simply a wage earned, deferred and held successful trust. It is simply a promise. And this medication has resolved that the committedness volition beryllium kept,” the President said.

In her remarks, the Director-General of the National Pension Commission, PenCom, Omolola Oloworaran, called for the instauration of 3 cardinal caller funded pension accounts.

"Not registrations, 3 cardinal funded progressive accounts, caller accounts. Because an bare relationship is simply a statistic, but a funded relationship is simply a aboriginal and mightiness conscionable beryllium the opening of readying the information of that future,” she stated.

Monthly pension is not favour to retirees - Tinubu