Gov Namadi approves payment of over N3.4 billion to retirees

Governor Umar Namadi has approved the payment of over N3.4 billion to 1,331 who exited from active service on attainment of thirty-five years in service between January to July this year and those who died while in active service.

This was contained in a statement signed by the Director of Administration and Finance of the Scheme, Nasiru Haruna issued to DAILY POST.

According to the statement, the payment was categorized into four, indicating that the first batch of 1001 retired staff consists of those who retired either by reaching the mandatory retirement age of 35 years in service or sixty years by birth was paid N2,579,605,965.12 Billion”

“The second category of 241 staff are those who died while in active service, where their relations would be paid the sum of N730,367,087.60 million, while the third batch consists of 84 retirees who retired from service and started receiving monthly pension 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 a 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 acting Executive Secretary warned the retirees to desist from involving a third party in processing their retirement benefits.

Haruna commended Governor Malam Umar Namadi for releasing the sum of N3.422 billion to the Jigawa State and Local Governments Contributory Pension Scheme Board to settle outstanding Gratuities and death benefits to 1,331 retirees in the State.

Gov Namadi approves payment of over N3.4 billion to retirees