With the development, the affected NSITF retirees had received N8.70 billion in pension arrears, translating to an average of about N3 million arrears payment per retiree. The PenCom director-general has continued to champion landmark reforms that have transformed the Contributory Pension Scheme (CPS). Essentially, an NSITF retiree’s monthly pension was enhanced from about N18,000 to a whopping N206,000. Despite these provisions, the last review of NSITF pensions occurred in 2005, the statement added. According to the commission, “So far, payments have been made to verified NSITF retirees.