FCT councils’ pension board disbursed N8bn to 1,217 retirees in 6 years – Director

The FCT Home Councils Pension Board has paid N8 billion to 1,217 retirees from 2016 to 2022.

The Director and Chief Government Officer of the board, Dr Nanzing Nden, printed this at a information conference on Wednesday, saying that N754m of the sum was paid to 194 retirees in 2022 alone.

The director known as on people that retired between 2005 and 2015 to report to say their benefits.

He talked about, “We peaceful enjoyment of 132 of us who retired between 2005 and 2015 nonetheless have not utilized for his or her pension.

“We put not want their full knowledge. We have their knowledge, nonetheless we don’t delight of their Pension Administrators certificates to allow us to activity their value.’’

Speaking extra, the director talked about, “We have additionally maintained a approved existence insurance coverage safety and paid N896m as dying insurance coverage benefits to dependents of people that died proper through the size underneath overview.”

Nden added that the board was presently working to pay retirement benefits ahead of retirement date.

He talked about, “We’re peaceful lagging. For example, we upright purchased the minister’s recognition of N170m to pay to people that retired in October. Our thought was to please in paid October retirees by July or August.’’

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