The Federal Capital Territory Administration (FCTA) has authorized the payment of N2,253,214,569.36 billion to 445 retirees, including some families of FCT personnel who have passed away, as pension and gratuity payments.
The Director of the FCT Pension Department, Mr. Rotimi Ajayi, announced this at a stakeholder meeting with pension desk officials from various Secretariats, Departments, and Agencies on Thursday in Abuja.
He added that the approval is for accrued benefits to 197 staff who retired from Secretariats, Departments, and Agencies of the FCT Administration. At the same time, the other 248 persons were next of kin to the deceased. He claimed that the sum would also include the 2019 arrears benefits of the affected staff.
The Director further revealed that, of the N2.25 billion total,
According to Ajayi, the FCTA will see that accumulated benefits are given to employees who had started working before the Contributory Pension Scheme was created by the Pension Reform Act 2004.
Adding that the payment also covered the 2019 arrears based on salary increase, he said the approval followed the payment into the beneficiary’s retirement savings accounts to access the retirement benefits from their pension fund administrators.
Ajayi applauded the FCTA’s top executives for their considerate action towards older persons, stating that the authorities were concerned with regular pension payments to raise pensioners’ standard of life.
He reaffirmed the FCTA’s commitment to placing a priority on the payment of pensions to enhance beneficiaries’ well-being while urging pension desk staff in the various SDAs and self-funded agencies to work to strengthen staff reconciliation, which would, in turn, reduce the issues with the wrong pin or Pension Fund Administrators.
cc: Punch Ng
