Director General of Niger State Pension Board, Alhaji Usman Tinau Mohammed, has disclosed that Niger State government spent over N10 billion on the payment of pensions and gratuities to retirees in the last four years.
The director general said following the migration of 6,280 retirees from the Contributory Pension Scheme (CPS) to the old pension scheme in line with the amendment carried out in the state Pension Act by the House of Assembly, nearly N800 million is now being paid monthly. Mohammed explained that before the law and the migration, the state government was spending about N200 million on the payment of pension.
Niger State suspended the implementation of the Contributory Pension Scheme in April 2015 and amended the State Pension Act in 2017, due to complains by labour in the state that workers were being shortchanged under the Contributory Pension Scheme.
The DG also disclosed that the present administration inherited a pension liability of N4 billion including death and retirement gratuities, which after verification, was reduced to slightly over N2 billion which has now been paid.
He said despite the huge amount committed to the payment of pensions and gratuities, the state government has been up to date in the payment to all its retirees, adding that the Board had commenced the payment of death gratuities to relations of deceased civil servants.