Jigawa pays N9.5 billion to 13,327 retirees

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 represents a comprehensive payment of entitlements such as retirement and death benefits, pension, refund of eight per cent contribution and monthly pension.
According to Mr 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 to N1.4 billion, 371 others from local governments received N444 million, and 441 retirees from LEAs received N1.04 billion.
The secretary said that under death benefit, 107 beneficiaries from the state received N312.38 million, 98 deceased from the local government received N194,641 million and 81 others from LEAs received N244,411 million.
Mr Aliyu-Musa said, “Under death pension balance, 43 beneficiaries from the 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.
“Under refund of eight per cent contribution, three beneficiaries from the 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 their monthly pensions, while 457 beneficiaries from local government received N1,495,094,504.34 and 561 beneficiaries from LEAs received N3,260,879,135.75.”
He reiterated the state government’s commitment to improving the welfare of workers and retirees to enhance effective service delivery.
The secretary said the board had begun paying N1.7 billion terminal benefits 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 a refund of eight per cent contribution.
The executive secretary said 302 beneficiaries are from state service, 117 from 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 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)
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