PenCom Initiates Talks to Resolve Delayed Pension Increases for Lagos Retirees

The National Pension Commission (PenCom) has begun formal discussions with the Lagos State Government and the Lagos State Pension Commission to tackle complaints from retirees about postponed pension increases and wage awards under the Contributory Pension Scheme. The initiative follows a statement released on Monday after pensioners raised concerns about the timing of their benefit adjustments. PenCom’s engagement signals a move toward clarifying the delay causes and establishing a timeline for the pending increases, aiming to restore confidence among Lagos retirees in the pension system.