Adamawa Board seeks approval for pension implementation
The Adamawa State Pension Board has written to the House of Assembly to approve the implementation of a N7,000 minimum monthly pension for retired civil servants.
Retired civil servants in the state currently receive a minimum of N4,000 pension but there is a new policy raising the rate to N7,000 which is yet to be implemented.
Executive Chairman of the board Thomas Madi made this known while receiving members of the Assembly’s Standing Committee on Public Petition & Electoral Matters, that pensioners were anxious for the new rate to take effect.
Although monthly pension is regular in the state, the pension board is burdened with a gratuity debt of N18 billion which it is currently striving to pay with an allocation of N50 million per month.
Considering how far it would take to clear the arrears with such sum, the board has requested the monthly allocation for that specific purpose to N350 million, so it could pay it all over about four years.
