EKITI BEGINS CONTRIBUTORY PENSIONS SCHEME

Ekiti State Government has kicked off its Contributory Scheme with 4,938 workers.

The State Head of Service, Dr. Olugbenga Faseluka, who made this known at a forum in Ado-Ekitithe state capital said that government started the scheme with workers that were employed in the state public service from 2010 till date.

He explained that the affected workers would contribute 8% of individual basic salaries from January 2012 while government, as the employer would pay commensurate 10% of the basic salaries of respective workers into the scheme in the Contributory Pension Act.

The Head of Service noted that the development was a follow-up to the recent passage of the bill on Pension Scheme by the State House of Assembly and its subsequent signing into law by the Governor, Mr. Ayodele Fayose.

Assuring all stakeholders of a successful implementation of the scheme in the state, Faseluka stressed that the officers handling the project were carefully selected and extensively trained for efficiency towards achieving the desired maximum output.

Leave a Reply

Your email address will not be published. Required fields are marked *