By; DAHIRU SULEIMAN, Dutse
The Jigawa State and Local Governments Contributory Pension Scheme has commenced the payment of retirement benefits to 219 retirees.
This was disclosed by the executive secretary of the board, Alhaji Kamilu Aliyu while briefing newsmen in Dutse on the activities of the board.
He said, “the beneficiaries were those who retired from service in state, local government and Local Education Authorities (LEAs).”
Aliyu explained that the payment comprised of retirement benefits, death benefits, death pension balance and refund of eight per cent contribution.
The executive secretary added that 5,583 of the beneficiaries are from state service, 30 from local government service and 78 from LEAs.
According to him, the total amount to be paid to the 219 beneficiaries from the state, local governments and LEAs is N498,467,684.16k.
“Fifty five beneficiaries from the state service will be paid N201,232,621.09k as retirement benefit; 30 beneficiaries from local government will be paid N46,025,490.85k as retirement benefit; while 78 beneficiaries from LEAs will be paid N175,55,738.72k as retirement benefit.
“For death benefit, six retirees from the state will be paid N14,448249.44k, while 19 from LGA’s will be paid N24,246,726.00k, and 8 from LEAs will be paid N18,501,110.00k.
“For death pension balance, nine beneficiaries from the state will be paid N9,184,100.32, six from local government will be paid N7,093,537.42k while four from LEAs will be paid N3,939,768.57k
“Also, for refund of eight per cent contribution, 4 beneficiaries from the state will be paid N564,203.04k Aliyu said.
He assured that the state government and the board would continue to ensure prompt payment of retirement benefits to retiree’s as at when due.
