By Afolabi Oyekunle. The National Pension Commission (PenCom) has acknowledged the concerns expressed by pensioners under the Contributory Pension Scheme in Lagos State regarding the implementation of pension increases and wage awards. In a release, PenCom acknowledged the importance of ensuring that retirees receive all benefits legitimately due to them and appreciates the concerns arising from delays in the implementation of any approved pension adjustments. Pencom reiterated that it is engaging the relevant stakeholders to ensure that these processes are properly addressed. According to PenCom, it has engaged with the Lagos State Government and the Lagos State Pension Commission (LASPEC) on matters related to administering pensions under the CPS, including the need to extend appropriate pension adjustments to eligible CPS retirees. "Implementing pension enhancements involves determining eligibility, applicable adjustments, actuarial liability, funding, and providin...