The National Pension Commission (PenCom) says the Federal Government owes 105,920 retirees about N705 billion.
This is contained in a memorandum submitted by the Director-General, National Pension Commission (PenCom), Ms Chinelo Anohu-Amazu, to the National Assembly Joint Committee on Appropriations.
According to the organisation, the Federal Government owes its 2016 retirees N73.1 billion while N113 billion is required for the 2017 retirees.