03. How would the pension and gratuity that accrued under the DB Scheme be paid to eligible Federal Government employees? – PensionNigeria

03. How would the pension and gratuity that accrued under the DB Scheme be paid to eligible Federal Government employees?

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.

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