Gov. Of Kaduna Releases N920 Million For Pensioners

The Kaduna State Government has made N920 million available for the payment of unpaid pension payments, including gratuities and death benefits.

According to a statement made by Sir Kashim Ibrahim House, the payout schedule, dated March 9, 2023, includes retirees from the former Defined Benefits Plan for state and local governments.

The statement further revealed that local government beneficiaries would receive N520 million while state pensioners would receive N400 million.

Governor Nasir El-Rufai had in November 2022 approved N900 million for the payment of Accrued Rights for retirees and families of deceased beneficiaries under the new Contributory Pension Scheme.
The Executive Secretary of Kaduna State Pension Bureau, Prof Salamatu Isah, had said that the amount covered batch 54 for the state and local governments retirees and families of the deceased.
Isah further explained that payment of retirees under the contributory pension scheme is being done by the Pension Funds Administrators, adding that government would only pay past savings.

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According to her, such savings which are known as Accrued Rights is the retirees’ entitlements prior to the commencement of the Contributory Pension Scheme in 2017, and they are paid to PFAs instead of individual beneficiaries.

Giving a breakdown of the payment, the Executive Secretary had said that N600,000,000 has been allocated to the state retirees and deceased families, while N300,000,000 was allocated to local government retirees and families of the deceased.

The November 2022 release came two weeks after El Rufai had earlier approved N1, 160,000,000.00 for the payment of gratuity for batch 17 Local Government pensioners and batch 19 of State Government retirees and families of deceased under the old Defined Benefits Scheme.

 

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