The Jigawa State and Local Government Contributory Pension Scheme Board has commenced payment of over N3.4 billion to 1,331 retirees who exited active service between January and July this year.
The acting Executive Secretary of the Scheme, Alhaji Nasiru Haruna says the payment, categorised into four batches, includes retirement benefits, death benefits, death pension balances, and refunds of eight percent contributions.
The beneficiaries include those who retired due to age or death, as well as those who died in active service.
The interim Executive Secretary urged retirees against using a third party to process their retirement entitlements.
He stated that with the latest approval, the State Government has now disbursed more than N5.4 billion to the Jigawa State and Local Governments Contributory Pension Scheme Board as a bailout, and the Scheme has cleared all outstanding gratuity payments.
Related posts:
Pension: Abia retirees react to payment of arrears, demand modalities used in clearing debts
Ondo govt. begins payment of N3.2bn third batch of gratuities to retirees
331,003 job losers withdraw N116.87bn from pension accounts
British retirees worry more about pension than Brexit
Pension: LASG pays N1.62bn to over 200 retirees
Imo govt. begins payment of pension arrears
Delta: LG Retirees Protest Non-Payment Of Pensions And Gratuities
IMF board to meet on Nigeria’s $3.4bn loan request
