Katsina paid N70.99 billion to Retirees & Update on Contributory Pension Scheme (CPS)
Katsina State Governor, Aminu Masari has paid over N70.99 billion as pension and gratuities to retirees. This was disclosed by the State Head of Service, Alhaji Idris Tune, yesterday.
Tune told members of the Correspondents Chapel of the Nigeria Union of Journalist (NUJ) Katsina Chapter, on Monday, that more than N29.62 billion of the amount was paid to retirees under the state government.
He added that those who retired from local government service and Local Government Education Authorities collected over N41.37 billion within the period spanning 2015 and 2020.
Tune further disclosed that the State government has forwarded a bill to set up a contributory pension scheme to the state Assembly for its approval.
He said “In a bid to sustain the ongoing effort of the state Government in payment of retirement benefits to workers, a bill is before the State House of Assembly for a Contributory Pension Scheme based on Jigawa model, for consideration.
“When the bill is passed into law, both the Government and workers will contribute monthly, and the workers will be receiving lump sum gratuity and pension like what is obtained in the current system.”
“This is because the government will not allow Pension Fund Administrators to determine how to pay retired civil servants their hard earned benefits.”