In furtherance of fulfilment of its pledge to off-set arrear’s of minimum wage increment owed military veterans and retired ex-servicemen, the Military Pensions Board on Thursday began the payment of the third instalment of the arrear’s to the retirees.
It will be recalled that at the commencement of the 1st tranche of payment exercise, it was revealed that more than 90, 000 retired/ex-soldiers were entitled to be paid the Arrears.
Chairman, Military Pensions Board, Rear Admiral Saburi Lawal confirmed the commencement of the arrears of salary increment in a statement.
He said, “The Military Pension’s Board (MPB) wishes to inform our esteemed military retirees and the general public that the Board has commenced payment of the third tranche of 25 percent of the 24 months arrears of National Minimum Wage increments on pensions to eligible military retirees on Thursday 4 August 2022.
“This third installment is being paid to eligible military retirees who are active on the Board’s data base and it is in fulfillment of the agreement reached between the Board and the Federal Ministry of Finance, Budget and National Plaining (FMoFBNP) for quarterly release of the appropriated sum this year.
“It is also necessary to inform that all Next of Kin (NOKs) of deceased military pensioners who are entitled to these same arrears have been fully paid.
“All concerned military pensioners are therefore adviced to contact their banks for their entitlements.
“On behalf of our esteemed military pensioners, 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 achieving its constitutional mandates.
“The Board would also like to thank our esteemed military retirees for their patience, understanding and continued support.
“The Board pledges to ensure the payment of the Fourth and final tranche of the 24 months arrears of increments on pensions as a result of the new National Minimum Wage before the end of the year. “