Jigawa pension board disburses N331m to 200 retirees

The State and Local Government Contributory Pension Scheme, says it has begun payment of N331 million retirement benefits to 200 retirees.

The Executive Secretary of the board, Alhaji Kamilu Aliyu, this known at a news conference in Dutse on Wednesday.

Aliyu said the beneficiaries were retired the service in state, local government and Local Authorities (LEAs).

He said that the payment comprised of retirement benefits, death benefits, death pension balance and refund of eight per cent contribution.

Breaking down the figures, Aliyu said that 83 of the beneficiaries were state service, 72 local government service and 45 LEAs.

He said that a total of N331.698 million would be paid to 200 retirees in the exercise.

“Fourty seven beneficiaries the state service will be paid N99.709 million as retirement benefit, and 52 retirees of the local governments will recieve N72.653 million, while N26.753 million will be paid to 22 beneficiaries LEAs.

“For the death benefits, 15 retirees state will be paid N38.721 million and 14 retirees the local government will be paid N27.270 million while 18 others LEAs will get N47.645 million,” he said.

Aliyu said that under the death pension balance, nine beneficiaries state would be paid N9.2 million, six retirees local government would recieved N1.613 million while five others LEAs get N6.9 million.

According to him, 12 beneficiaries will receive N1.25 million as refund of the eight per cent contribution.

The Secretary reiterated the commitment of the state government to prompt payment of pension and other entitlements to improve wellbeing of pensioners.

To achieve this, he said, the board had adopted proactive modalities to hasten payment processes of the retirees whenever their reached about 200.

“We no longer have to wait until we have large of retirees.

“This will enable the retirees not wait for long or suffer before they start enjoying their benefits after disengagement the service.”  (NAN)