Governor Uba Sani of Kaduna State has approved a sum of ₦2.321 billion to settle retirement benefits, pension entitlements, gratuities, and death benefits for retirees and dependents across both state and local governments, Peak Newspaper reports.
This disbursement is divided between the Contributory Pension Scheme (CPS) and the Defined Benefit Scheme (DBS). Under CPS, ₦1.736 billion is earmarked for 511 retirees’ accrued rights, while ₦585 million is set aside for gratuities and death benefits to 315 beneficiaries under the DBS.
With this payment, Kaduna has now paid out ₦6.678 billion this year, and ₦13.5 billion over the past two years of the current administration.
The state’s Pension Bureau says CPS payments will go directly into retirees’ Retirement Savings Accounts (RSAs), while DBS beneficiaries will be screened and verified before payments are made.
