Jigawa Pension Board Pays N3.4bn To 1,331 Retirees

Jigawa State and Local Government Contributory Pension Scheme Board, says it has commenced the payment of over N3.4billion to 1,331 retirees in the state.

The director Administration and Finance of the Scheme, Alhaji Nasiru Haruna who is equally acting as the Executive Secretary of the Scheme revealed this while briefing newsmen on the payment exercise.

He explained that the beneficiaries had exited active service on attainment of thirty-five years in service between January and July this year and those who died while in active service. from various State MDAs, LGCs, and LGEAs.”

“The first batch of the beneficiaries included 1,001 workers who retired either by reaching the mandatory retirement age of 35 years in service or sixty years by birth were paid N2,579,605,965.12 Billion“

The second category are 241 staff who died while in active service, where their relations would be paid the sum of N730,367,087.60 million.

The third batch consists of 84 retirees who retired from service and started receiving monthly pensions but died before reaching their minimum period of five years after retirement. Those people would be paid N109, 561, 313. 67 million.

„The last batch was beneficiary who did not contribute up to a period of five years, and the law stated that for every staff to qualify to be paid from the scheme was for him to contribute for a minimum period of five years“.Under this category, we have paid one person, the sum of N2,705,459.02 million including 15% interest,“ the DAF declared.