By Muhammad Aliyu
The Jigawa state Contributory Pension Funds has paid over N503.9million as terminal and death benefits for the months of August, September and October this year.
This is just as accountability and prudent management of vthe fund scheme has increased its earnings by 9.76 per cent from July to October.
Executive Secretary of the Fund, Comrade Susleiman Adamu Kiywa,
made this known to newsmen in his office shortly after supervising the payment of terminal and death benefits to 365 beneficiaries last weekend.
Kiyawa stated that, although the Fund does not keep liquid cash, it has assets worth billions of naira in various banks, which generate profit to the scheme.
He stated that the non-interference from the state government under governor Muhammad Badaru, encouraged them to do their job effectively, efficiently and diligently, saying “our indefatigable governor doesn’t interfere in our work but seeks clearance either through the head of service or directly calls me and seeks for explanation on certain issues bordering on the payments of benefits.”
The executive secretary disclosed further that they had paid a total of 365 people the sum of N503.9million as terminal and death benefits for the months of August, September and October this year.
He said the payments were made in the categories of those who clocked 35 years in service or attained the mandatory 60 years of age.