FCT councils’ pension board disbursed N8bn to 1,217 retirees in 6 years – Director
The FCT Area Councils Pension Board has paid N8 billion to 1,217 retirees from 2016 to 2022. The Director and Chief Executive Officer of the board, Dr Nanzing Nden, revealed this at a news conference on Wednesday, saying that N754m of the sum was paid to 194 retirees in 2022 alone. FCTA begins rehabilitation of […]
Dr Nanzing Nden, Director, FCT Councils Pension Board
The FCT Area Councils Pension Board has paid N8 billion to 1,217 retirees from 2016 to 2022.
The Director and Chief Executive Officer of the board, Dr Nanzing Nden, revealed this at a news conference on Wednesday, saying that N754m of the sum was paid to 194 retirees in 2022 alone.
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The director called on those who retired between 2005 and 2015 to report to claim their benefits.
He said, “We still have 132 persons who retired between 2005 and 2015 but have not applied for their pension.
“We do not have their complete records. We have their files, but we don’t have their Pension Administrators certificates to enable us to process their payment.’’
Speaking further, the director said, “We have also maintained a good life insurance policy and paid N896m as death insurance benefits to dependents of those who died during the period under review.”
Nden added that the board was currently working to pay retirement benefits ahead of retirement date.
He said, “We are still lagging. For example, we just received the minister’s approval for N170m to pay to those who retired in October. Our plan was to have paid October retirees by July or August.’’