Contributory Pension Scheme’ll Curb Poverty among Pensioners – THISDAYLIVE


Victor Ogunje in Ado Ekiti

The Ekiti State Governor, Dr. Kayode Fayemi, has clarified that the state’s civil service has keyed fully into the Contributory Pension Scheme (CPS), in a bid to alleviate the suffering of the retirees and fight poverty among them.

Fayemi made the clarification yesterday as the Ekiti State Pension Commission (PENCOM), commenced the payment of retirement benefits to 2021-2022 beneficiaries of the CPS.

He said during the presentation of the payment document to the beneficiaries that the move is part of the activities of his administration to complement the monthly release of N100 million to defray the N12 billion debt owed the pensioners under CPS.

The governor, who was represented by his the Deputy Governor of Ekiti State, Bisi Egbeyemi, added that his administration is considering various options to liquidate the huge debt before the expiration of his tenure.

He commended the commission over the gesture and its…

Source: Thisday Newspaper