Economy
Contributory Pension: Obaseki presents N7.3m benefits to next of kin
In a landmark demonstration of the benefits of pension reforms in the state, Edo State Governor, Mr. Godwin Obaseki, has disbursed N7.3233 million to four next of kin of two deceased enrollees in the state’s contributory pension scheme. The beneficiaries are Oriomon Morrison, Oriomon Emuata, Osahenrunmwen Iyawe and Patience Iyawe, who received the sum as benefits under the Group Life Assurance Scheme.
Presenting the cheques at the Government House, in Benin City, Edo State Governor, Mr Godwin Obaseki, said the presentation of cheques to the next of kin to deceased civil servants with the State Civil Service Commission is history being recorded during his administration. According to him, “When this government came into power, I promised that we will not leave the pension scheme the way we met it. When we came into office, we assured Edo people that all issues relating to pension are going to be resolved.
“Those who do not believe that our government is working will now know that we mean well for our people and those who served the state.” Obaseki assured workers, who are in active service that they have nothing to worry about regarding their pension, noting that his government has put measures in place to settle pension benefits after service. The Head of Service, Mrs Gladys Idahor, expressed appreciation to the governor for initiating the contributory pension scheme in the state, adding that with the scheme in place, pensioners will have no reason to protest in demand for pension. Idahor explained that a provision under the contributory pension scheme requires that aside next of kin receiving pension, they are also entitled to three times the annual salary prior to death. Speaking on behalf of the beneficiaries, Mr Osahenrunmwen Iyawe expressed appreciation to the governor for the scheme, as he is a beneficiary of the scheme.
-
Economy18 hours agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance18 hours agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Business18 hours agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture18 hours agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
News18 hours agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Maritime18 hours agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Oil and Gas18 hours agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
News18 hours agoRaham Bello, others launch N20bn endowment fund for alma mater
