From Yakubu Mustapha Minna
The Niger state government said it has concluded plans to pay 7.5% pension contributed by the state civil servants before it was suspended in 2015.
The said monies would be paid back by the Pension Funds Administrators (PFAs).
In the same vein, government counterpart funding of 7.5 per cent would also be refunded to the government by the PFAs.
This was contained in a circular number NG/STA/10/VOL.1/423 titled, ’Amended Pension Law on Contributory Pension Scheme for the Employees in the Public Service of Niger state’ which was signed by the Niger state Head of Service, Yabagi Alhaji Sule.
It was reliably gathered that the circular have been circulated to the Chief of Staff to the Governor, the Secretary to the State Government, Permanent Secretaries, Heads of Extra-ministerial Departments and Heads of Parastatals.
According to the circular, the state governor have assented to the amended pension law which was suspended two years ago because of some discrepancies and non reflection of the money contributed to the accounts of state government and the contributors.
Consequently, an employee who has retired and placed under the old pension scheme by the amended law and has started enjoying pension benefits will have their differences worked out for refund.
Also, an employee who has retired and is placed under the old pension scheme by the amended law and is yet to enjoy pension benefit shall be paid on the old pension scheme upon retirement from service and his contribution of 7.5 per cent with the PFAs would be refunded to him.
Employees still in the services of the state and local government and placed under the old pension scheme by the amended Law shall have the refund of his or her 7.5 per cent contributions with the PFAs.
Meanwhile, employees who have been in public service for 15 years as at 3rd March 2007 are placed under the old pension scheme (Defined Benefit Scheme) while employees who has been in public service for a period of 14 years or less as at 3rd March, 2007 would be placed under the new contributory pension scheme.