Thursday, April 25, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

We’ve commenced paying pensioners without bank accounts, says Kaduna

We’ve commenced paying pensioners without bank accounts, says Kaduna
March 30
13:45 2023

The Kaduna state government says processes for the payment of beneficiaries of retirement and death benefits who do not have bank accounts have commenced.

In a statement, Salamatu Isah, executive secretary, Kaduna State Pension Bureau, said the beneficiaries would be identified by local government pension desk officers as well as their counterparts at various ministries, departments and agencies of government.

Isah said that 112 of the beneficiaries were in batch 21 of state pensioners while 134 local government pensioners fall under batch 19 of the category.

She added that verification payment would be done next week at various zonal headquarters.

Advertisement

Recently, the Kaduna state government said it released N920 million for the settlement of outstanding pension liabilities, which include death benefits and gratuity.

In the payment schedule, state pensioners were expected to get N400 million while local government beneficiaries would receive N520 million.

In November 2022, Nasir el-Rufai, governor of Kaduna, had approved N900 million for the payment of accrued rights for retirees and families of deceased beneficiaries under the new contributory pension scheme (CPS).

Advertisement

Isah had said that the amount covered batch 54 for the state and local governments retirees and families of deceased persons.

Isah had explained that the payment of retirees under the contributory pension scheme is being done by the pension fund administrators (PFAs), adding that the government would only pay past savings.

 

Advertisement

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.