Ogun State Govt assures workers of immediate payment of pension

Ogun State Governor, Dapo Abiodun, has assured workers that his administration will ensure immediate payment for those retiring from July 2, through the Contributory Pension Scheme (CPS). 

The governor gave the assurance during a meeting with organized labor to address concerns leading to an ongoing strike, outlining a 10-year payment plan with two phases, with Phase One covering 2025-2030, for immediate payments to retirees, and Phase Two covering 2030-2035, starting next year.

He added that the government has paid inherited leave allowances up to 2013, with N8 billion owed for 2014-2022 to be paid in tranches, while the gratuity scheme will be discontinued from July 2, 2025.

Earlier, the State Chairman of the Nigeria Labour Congress (NLC), Hameed Benco, said the strike was due to concerns over CPS implementation, but Governor Abiodun assured labor leaders that the government will review workers' basic salaries for necessary adjustments, with payments for promotions in 2023 and 2024 starting in September and December 2025, respectively. 

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