FILE: President Bola Tinubu
The Federal Government has commenced the payment of additional exit benefits to retiring civil servants, disbursing about N1.1bn to 175 retirees who left the Federal Public Service between January 1 and August 31, 2026.
The payment is being made under the Federal Government Exit Benefit Scheme, which was approved by the Federal Executive Council and took effect from January 1, 2026.
The National Pension Commission disclosed this in a statement issued on Friday.
According to the commission, the scheme provides an additional financial benefit to eligible Federal Government employees upon retirement, separate from their pension benefits under the Contributory Pension Scheme.
