Accrued pension and gratuity of eligible employees of Federal Government Treasury Funded MDAs are paid from the Retirement Benefit Bond Redemption Fund (RBBRF), which was established and is maintained by the Central Bank of Nigeria (CBN). The Federal Government pays an amount not less than 5% of the monthly wage bill payable to employees in the public service of the Federation into the RBBRF for the payment of this liability.
- 04. Are employees of the FCT also going to be paid accrued pension and gratuity under the DB Scheme from the Federal Government’s RBBRF?
- 02. What is Retirement Bond?