The Kaduna State Government has released N920 million for the settlement of outstanding pension liabilities, death benefits of deceased civil servants and gratuities.
This is contained in a statement issued by the Executive Secretary of Kaduna State Pension Bureau, Prof. Salamatu Isah, on Wednesday in Kaduna.
She said that the amount covered batch 54 for the state and local government retirees and death benefits.
Isah said that the payment would be in the old ”Defined Benefit Scheme (DBS)”.
The executive secretary further disclosed that the state pensioners and retired civil servants would get N400 million, while their counterpart from the local government service would receive N520 million.
Isah further explained that the payment which is under the Contributory Pension Scheme (CPS), would be done by the Pension Funds Administrators (PFAs).
“Such savings, known as Accrued Rights, are the retirees’ entitlements paid to PFAs instead of individual beneficiaries,” she said.
