Ogun Pays N5bn to Pensioners, CPS fully operational by 2025 – PensionNigeria

Ogun Pays N5bn to Pensioners, CPS fully operational by 2025

Ogun State government has disclosed that it has paid about N5bn to 12,191 pensioners captured in its database under the non-contributory pension scheme between January and June 2020, and its Contributory Pension Scheme will be fully operational in the State by July 2025.

The Permanent Secretary, Bureau of Local Government Pensions, Mrs Irene Folasade Kokumo said this before members of the State House of Assembly Committee on Local Government and Chieftaincy Affairs led by Hon. Akeem Balogun at the ongoing 2020 budget appraisal held at the Assembly Complex, Oke-Mosan, Abeokuta.

Kokumo said the bureau which was poised to making life more meaningful for retirees through effective coordination and prompt payment of monthly pensions, had compiled all outstanding gratuities and death pensions till date.

Explaining that the contributory pension scheme which commenced in 2008 in line with the State Pension Reform Law, 2006, was amended in 2013, Kokumo noted that a total number of 6,872 workers were projected to retire on Transition Pensions Scheme, while 16,527 were scheduled to retire on contributory pension scheme which would be fully operational in the State by July 2025.

She also disclosed that the Bureau has launched a portal for pensioners, especially those abroad to upload their documents for assessment.

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