Economy
THE Jigawa State and Local Government Contributory Pension Scheme Board has disbursed N9.547 billion to 13,237 retirees in 2022.
The Executive Secretary of the board, Kamilu Aliyu-Musa confirmed the development in Dutse on Wednesday.
He said the amount represent comprehensive payment of entitlements such as retirement and death benefits, pension, refund of eight per cent contribution and monthly pension.
According to Aliyu-Musa, the payment covered retirees of state, local governments and Local Education Authorities (LEAs).
He said that 571 pensioners from the state government received retirement benefits amounting N1.4 billion while 371 others from local governments got N444 million while 441 retirees from LEAs received N1.04 billion.
The Secretary said that under death benefit, 107 beneficaries from state received N312.38 million, 98 deceased from local government received N194,641 million and 81 others from LEAs received N244,411 million.
Aliyu-Musa said: “Under death pension balance, 43 benefiaries from state received N48,131,401.61; while 41 from local government received N29,885,879.60 and 37 others from LEAs received N29,049,075.85.
“Uunder refund of eight per cent contribution, three benefiaries from state received N841,710.58; one from local government received N149,578.75 and two others from LEAs received N132,541.91.
“Within the period under review, 724 beneficiaries from the state received N4,791,273,954.39 including thier monthly pensions while 457 benefiaries from local government received N1,495,094,504.34 and 561 benefiaries from LEAs received N3,260,879,135.75”.
He reiterated commitment of the state government towards improving the welfare of workers and retirees to enhance effective service delivery.
The Secretary said the board has begun payment of N1.7 billion terminal benefit to 707 retirees for 2023, adding that amount would cover workers who recently retired from service, at the state, local government and LEAs.
He said the payment would cover payment of retirement benefits, death benefits, death pension balance and refund of eight per cent contribution.
According to him, 302 of the beneficiaries are from state service, 117 local governments and 288 from LEAs.
He said that N816 million would be disbursed to 303 beneficiaries from the state service while N200 million to 288 beneficiaries from local government service and 707 beneficiaries of the LEAs to receive N748 million.
“The board is up-to-date in the payment of entitlements to retirees, including those who died in active service,” he said. (NAN)
A.I
Tags: Kamilu Aliyu-Musa
