Jigawa Pension Board Disburses N1.543bn to 609 Retirees

Jigawa Pension Board Disburses N1.543bn to 609 Retirees

By Fly Cable News

The Jigawa State and Local Government Contributory Pension Scheme Board has disbursed over ₦1.543 billion in terminal benefits to 609 retirees between August and December 2024. This was disclosed by the Board’s Executive Secretary, Bilyaminu Shitu Aminu, during a ceremony for the beneficiaries.

The payments were categorized into four groups:

1. ₦1.17 billion was paid to 465 retirees who either reached the mandatory retirement age of 60 or completed 35 years of service.
2. ₦315.02 million was disbursed to families of 103 staff members who passed away while in active service.
3. ₦54.19 million was allocated to 39 retirees who began receiving pensions but passed away before completing the mandatory five-year period.
4. ₦749,010, including 15% interest, was paid to two beneficiaries who had contributed to the scheme for less than five years, as stipulated by the law.

The Executive Secretary urged pensioners to beware of fraudsters, emphasizing that all services provided by the Board are free and governed by pension regulations.

He also praised Governor Umar Namadi for his commitment to pensioners’ welfare, highlighting that prompt payment of pensions and gratuities has improved retirees’ quality of life. Dr. Bilyaminu encouraged citizens to support the government’s shared prosperity agenda through prayers and cooperation.

The Board reaffirmed its commitment to ensuring timely payments to retirees, enhancing service delivery, and promoting a fulfilling post-retirement life for workers. Beneficiaries expressed gratitude to the state government for prioritizing their welfare.