HomeNewsFirst batch of CPS...

First batch of CPS retirees receive benefits from Fayemi – VELOXNEWS


From Priscilla Ediare, Ado-Ekiti

The first set of retirees under the Contributory Pension Scheme (CPS) in Ekiti State have begun accessing their retirements benefits.

Governor Kayode Fayemi who supervised the payment of the benefits to thirty (30) retirees who are in the first batch of the scheme said he was happy that the seed of the CPS sown by his first administration has begun to yield dividends.

Handing over the cheques to the beneficiaries at a ceremony in Ado Ekiti on Thursday, the Governor who was represented by his Deputy, Otunba Bisi Egbeyemi said that his administration holds the welfare of serving retired workers in high esteem.

Fayemi disclosed that the CPS was introduced during his first term in 2010 as an alternative to the backlog of unpaid arrears under the Defined Benefits Scheme (DBS) running into billions of Naira not only in Ekiti State but in Nigeria as a whole.

He said that this culminated in the establishment of Ekiti State Pension Scheme to manage the CPS of employees in the state public service in pursuant to Ekiti State Pension Law No. 7 of 2010.

The Governor stated that efforts are equally ongoing to ensure that subsequent CPS Retirees are paid their retirement benefits promptly.

Fayemi who urged the beneficiaries to judiciously utilize the fund reiterated the commitment of his administration to the people of the state despite the challenges of meagre resources.

While presenting his goodwill message at the occasion, the state Head of Service, Mr. Bamidele Agbede, described the CPS as a lasting solution to the old DBS because of its promptness.

He explained that the prompt and proper implementation of the scheme has given assurance to retirees on receipt of their terminal benefit as soon as possible.

Agbede also described the implementation of CPS as the beginning of new life for public servants in the state particularly its participants.

The Head of Service urged all employers of labour that are yet to fully participate to key in accordingly.

The state number one civil servant appreciated the State Government on this land mark and for moving the State public service to the next level.

Earlier in his welcome address, the Permanent Secretary of the State Pension Commission, Mr. Afolabi Adebiyi, enumerated the achievements of the agency in the performance of its statutory duties.

These, according to him, include recovery of arrears of unremitted pension commission deduction from defaulting employees of labour, creation of database for all pensioners in the state and local governments and allocation of new office accommodation to the commission within the State Secretariat.

- A word from our sponsors -

spot_img

Most Popular

More from Author

LASG engages stakeholders on Opebi-Mende Link Bridge project Right of Way – VELOXNEWS

The Lagos State Government says it has engaged stakeholders on...

Police committed to strengthening evidence-based investigation- CP – VELOXNEWS

Mr Muhammed Gumel, the Commissioner of Police in Sokoto state,...

Police arrest 4 suspected carjackers terrorising residents of Lagos – VELOXNEWS

Detectives of the Lagos State Police Command have arrested four...

Community lauds Ugwuanyi for recognising new traditional ruler – VELOXNEWS

A university lecturer and traditional rulers in Nsukka area have...

- A word from our sponsors -

spot_img

Read Now

LASG engages stakeholders on Opebi-Mende Link Bridge project Right of Way – VELOXNEWS

The Lagos State Government says it has engaged stakeholders on discussions toward smooth establishment of the Right of Way (RoW) for construction of the Opebi-Mende link Bridge in Ikeja.A statement on Saturday by Mr Mukaila Sanusi, spokesperson of the Lagos state Ministry of Physical Planning and...

Police committed to strengthening evidence-based investigation- CP – VELOXNEWS

Mr Muhammed Gumel, the Commissioner of Police in Sokoto state, said the command is committed to strengthening police capacity in evidence-based investigation, prosecution and human rights.A statement issued on Saturday by the command’s spokesperson, DSP Sanusi Abubakar, said Gumel spoke when he visited the Chief Judge...

Police arrest 4 suspected carjackers terrorising residents of Lagos – VELOXNEWS

Detectives of the Lagos State Police Command have arrested four suspected carjackers within Iba, Igando and Egbeda axis of Lagos State.The Spokesperson for the Command, SP Benjamin Hundeyin, confirmed the arrestin a statement on Saturday in Lagos.He identified the suspects as Victor Chibuike, 26 aka Azaman;...

Community lauds Ugwuanyi for recognising new traditional ruler – VELOXNEWS

A university lecturer and traditional rulers in Nsukka area have applauded Gov. Ifeanyi Ugwuanyi of Enugu State for issuing a certificate of recognition to Chief Samuel Asadu, as a traditional ruler.Asadu would succeed Igwe Sunday Asogwa, who died last year, as the traditional ruler of Edemani...

FG, HuCaPAN partner on safe labour migration – VELOXNEWS

The Human Capital Providers Association of Nigeria (HuCaPAN), umbrella organisation of Private Employment Agencies in Nigeria, says it is partnering with the Federal Government to promote safe and regular labour migration.HuCaPAN President, Olufemi Ogunlowo, said in a statement in Abuja that the agreement was reached at...

Agreement favours Sylva in US case

From Femi Folaranmi, YenagoaThe Minister of State for Petroleum, Chief Timipre Sylva, has emerged victorious in a case of defamation he filed against Jackson Ude of PointblankNews in the United States District Court, Eastern District of Pennsylvania.An electronic copy of a settlement agreement entered by Sylva...

In 3 months, Benin-Ekpoma road void of kidnapping activities — Edo CP, Yaro – VELOXNEWS

From Ighomuaye Lucky, BeninEdo State Commissioner of Police, CP, Abutu Yaro, yesterday, said the Benin-Ekpoma road has not recorded any kidnapping activities in the last three months due to the availability of logistics provided by the state government to the command in combating crime.He disclosed this...

Kidnappers demand N30 million to free abducted female footballers

From Paul Osuyi, AsabaSuspected kidnappers are demanding for N30 million ransom to free six female footballers who were abducted on Friday.The victims were reportedly kidnapped at Urhonigbe in Orhionmwon Local Government Area of Edo State at about 7 pm.Urhonigbe town is on the fringes of Edo,...

Ukrainian minister says Russia blocking access to medicines

(AP)Ukraine’s health minister has accused Russian authorities of committing a crime against humanity by blocking access to affordable medicines in areas its forces have occupied since invading the country 5 1/2 months ago.In an interview with The Associated Press, Ukrainian Health Minister Viktor Liashko said Russian...

Plateau Reps member admonishes Nigerian youths to imbibe entrepreneurial spirit – VELOXNEWS

From Gyang Bere, JosMember representing Barkin-Ladi/Riyom Federal Constituency of Plateau State, Hon. Simon Mwadkwon has urged Nigerian youths to imbibe the spirit of entrepreneurial spirit to tackle the scourge of unemployment in the country.Mwadkwon who is the PDP candidate of Plateau North Senatorial District disclosed this...

Association commends patron for impactful support to downtrodden in society – VELOXNEWS

From Abel Leonard, NasarawaAssociation of Friends of Police have commended it’s patron, Dr Samson Adegoke for his several impactful support to the less privileged in the society, especially in Keffi local government area of Nasarawa state.Mr Ibrahim Babayo, National Chairman of the association made this known...

Labour Party refutes appointment of Charles Okadigbo as spokesperson – VELOXNEWS

The Labour Party (LP) on Saturday, said it had not appointed Mr Charles Okadigbo as its spokesperson as announced by Prof. Pat Utomi .A statement signed by Mr Arabambi Abayomi, National Publicity Secretary on Saturday in Abuja, said that the National Consultative Front (NCF ) had...