The Jigawa State and Local Governments Contributory Pension Scheme had paid N49 billion to various categories of workers in its Contributory Pension Scheme from May 2015 to December 2020.<\/p>\n\n\n\n
The Executive Secretary, Jigawa State and Local Governments Contributory Pension Scheme Board, Honorable Hashimu Ahmad Fagam made this known at a news conference.<\/p>\n\n\n\n
He disclosed that of the N49 billion, N19 billion was paid as pension, while N30 billion was paid as gratuity to a total of 11,276 beneficiaries from May 2015 to May 2020.<\/p>\n\n\n\n
Fagam said that the beneficiaries comprised of those who received retirement benefits, death benefits and death pension balance.<\/p>\n\n\n\n
Others fell under refund of 8 per cent contribution, refund of under payment and 40 per cent pension increase.<\/p>\n\n\n\n
He said that under the scheme, the State Government was contributing 17 per cent for each staff while each staff was contributing 8 per cent as employees of State, Local Government and Local Government Education Authority.<\/p>\n\n\n\n
Giving the breakdown for December 2020, the Executive Secretary said a total of N396,245,776.87 was released to 173 retirees from the State as retirement benefits.<\/p>\n\n\n\n
Similarly, a total of N129,518,595.23 was released to 105 retirees from the local governments as their retirement benefit, while N328,848,497.26 was paid to 146 retirees from local government education authority.<\/p>\n\n\n\n
He said that a grand total of N207,649,864.04 was released in the month under review as death benefits for 83 beneficiaries from the State, Local Government and Local Government Education Authority.<\/p>\n\n\n\n
He also announced that a total of N21,735,450.73 was paid to 21 beneficiaries from the State, Local Governments and Local Government Education Authority as death pension balance.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Jigawa State and Local Governments Contributory Pension Scheme had paid N49 billion to various categories of workers in its…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-535","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/jigawastate.gov.ng\/news\/wp-json\/wp\/v2\/posts\/535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jigawastate.gov.ng\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jigawastate.gov.ng\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jigawastate.gov.ng\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jigawastate.gov.ng\/news\/wp-json\/wp\/v2\/comments?post=535"}],"version-history":[{"count":0,"href":"https:\/\/jigawastate.gov.ng\/news\/wp-json\/wp\/v2\/posts\/535\/revisions"}],"wp:attachment":[{"href":"https:\/\/jigawastate.gov.ng\/news\/wp-json\/wp\/v2\/media?parent=535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jigawastate.gov.ng\/news\/wp-json\/wp\/v2\/categories?post=535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jigawastate.gov.ng\/news\/wp-json\/wp\/v2\/tags?post=535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}