jowhyte:
Say you are disappointed not we. He remains one of the best governor Edo has ever produced.

Governance is not about noise making.

When you have a direct way of eating from the government, you open your mouth waaaa to spill rubb1ssh. Which best governor?

Iseoluwani:



So if there were no subsidy removal, you won't pay them. I detest this country with Passion

Seems so.... he also had no intention of paying .... and if the subsidy returns he will cut the pension.

God bless Edo State

God bless Nigeria 🇳🇬

dedonfranco:
Obaseki is a disgrace

We are disappointed.

Shame on you

Wait, you mean for 17 years pensioners in Edo never get paid? Is this a joke or something?

How could government punish her citizens for 17 yrs.GBR should give all Nigerian awards for breaking world records .Suffering in the midst of plenty.
Really wonders of life

Do they also have gratuity plans for Local Government pensioners?

Edo people, where una dey, don't you want old men and women in your communities again. somebody work finish for old age he is discarded.

very wicked people. repeat very wicked people. even oshiomole a supposed labour leader was not paying but he could go ahead and marry a young white woman.

if you can not recognize not paying pensioner as wicked act then you are not my fan at all.

how can Edo state compete with other states, particularly south west Nigeria, when your old and wise people are killed off wickedly because of lack of sustainance.

I just can't imagine this happened for 17 years. how many people have died as a result. big shame on the state and her people.

How you fools lie shamelessly is beyond me
Lagos state pays above the minimum wage of ₦30K since 2019 till this hour both Edo and Anambra do not pay ₦30K minimum wage while Lagos already increased it minimum wage to over ₦60K doubling the minimum wage

ehissi:

Edo is currently the highest in wage bill, with the minimum wage set at @ #40,000........higher than lagos state and even rivers state.

wittywriter:
A whole 17 years?!!!


In as much as I don't admire any Nigerian politician it is wrong to blame Obaseki for a 17 yrs injustice going by the years he has been Edo State Governor.


Wittyness

He's being Gov for 7 yrs now.

He can now to that due to subsidy removal, excess money available for governors.

dedonfranco:
Obaseki is a disgrace

We are disappointed.

this is the type of news you hear and not help it but admire Mr Peter obi,this man led anambra state for 8 yrs and didn't owe salary,pension, gratuity,no government supplier or contractor was owned and yet he left a staggering amount of #75 billion naira for the incoming government,what a man!!!

oshozondii:


https://www.vanguardngr.com/2023/08/edo-resumes-payment-of-gratuities-to-pensioners-17-years-after/

Don't believe these people. No government can stop payment of gratuities for 17 years. They know that Nigerians are too gullible.

MTNnews:
How you fools lie shamelessly is beyond me
Lagos state pays above the minimum wage of ₦30K since 2019 till this hour both Edo and Anambra do not pay ₦30K minimum wage while Lagos already increased it minimum wage to over ₦60K doubling the minimum wage

Thank you for updating my info on the current minimum wage in lagos, by my last check it was #35,000.

But I can assure you that Edo currently pays #40,000......technically that puts Edo at second across the States....

Not bad for a state with an IGR that doesn't come close to what obtains in lagos state.....

Chucks13:
Wait, you mean for 17 years pensioners in Edo never get paid? Is this a joke or something?

This is mostly gratuities of retirees not pension.

Gratuities is the bulk or lump sum paid to retirees at retirement. Then after a period of no more than a year, they start receiving monthly pension till they pass on.

Under the legacy pension scheme that existed before now, government bore the burden alone and the way the system existed created room for needless bottle necks and fraud.

Always requiring labourious queue and endless verification to stop ghost pensioners and fraudulent accountants

The current administration instituted the Contributory Pension scheme in January 2017 where a percentage of your basic is deducted and government also contributes a certain percentage to a PFA (Pension fund administrator) who invests the cash and after you retires pays it out to you based on your preference in line with industry regulated practices........

Most of the people paid are those from the Local government and it is the gratuities factored from the old legacy system. Under the new system, government doesn't pay pension, they send your cash to a PFA, and PFA pays you instead.......

Obaseki remains the best serving Governor in Nigeria. Forget party politics.

Oshiomole shut down the pensions board during his tenure and was using pensioners fund to enjoy himself at the State House.

damilola4162:
Majority of what you accused Nnamdi Kanu of doing, you did worse. You are twerking for Tinubu - Activist Deji Adeyanju throws tantrums at Asari Dokubo as they clash in interview (Video)



https://www.youtube.com/watch?v=xzRkV3l7xBo

I de imagine the kind snore wey Asari tokubo go de snore during sleep... Chai

My mum died as an headmistress in service in Benin City in 2007, till now we are yet to collect her gratuity, lets not mention any other emolument due her. It is just pathetic!

oshozondii:


https://www.vanguardngr.com/2023/08/edo-resumes-payment-of-gratuities-to-pensioners-17-years-after/

ehissi:


Are you minding that human being? They say you dont miss your water until the well runs dry.......

Edo is currently the highest in wage bill, with the minimum wage set at @ #40,000........higher than lagos state and even rivers state.

Hoping he will review it upwards before he leaves with prejudice to the current pump price of fuel of over #600, if person dey office, clap for him when he does good and scold him where he needs to improve, but overall constructive criticism is the best approach moving forward

But why did exclude Health workers from the 40k minimum wage..

You think everyone is like you guys the Emilokan fan boys who are placed on monthly 30k - 50k fees to endlessly type in this forum and other social media platforms this government shall favour me and my families?

Since we the Edo rejected your baba Sope type of Lagos politics backing our words with actions with the mantra “Edo Nor Be Lagos” that made Emilokan puppet to lose at the governorship poll gallantly. You lots keep nursing bitterness and launching attacks on the person of the Edo state governor - Obaseki even when he does the right.

He still remains one of the best Governors Edo has ever had. History will be kind to him. Truly governance is not all about paparazzi noise making.

When he leaves Edo state will know what’s up on how prudent and efficient he has been managing the lean resources of the state while touching every areas.

I noticed you guys are the most critics of Obaseki. You don’t say anything good about him even when he set the pace in most areas.

Here is a performing governor bringing dividends of good governance to is people in the areas of prompt salary/pension payment something bigger state in terms of revenues have not been able to do promptly in the past several years and he even currently pay the highest minimum wage in the 36 states of the federation including the FCT.

And recently he want to start paying retired workers gratuities and you are saying same governor is a failure? The. Someone living in the state is trying to correct you and you want to give a bad name to the person?

Some states don’t even pay pension. In Edo state civil service today, if you retired today and the following or two l, your pension immediately starts getting paid automatically without having to know anybody or doing a connection legging.

Nairalander248:


When you have a direct way of eating from the government, you open your mouth waaaa to spill rubb1ssh. Which best governor?

I have a question

Is pension for life or it will stop at some point in time?

ehissi:


This is mostly gratuities of retirees not pension.

Gratuities is the bulk or lump sum paid to retirees at retirement. Then after a period of no more than a year, they start receiving monthly pension till they pass on.

Under the legacy pension scheme that existed before now, government bore the burden alone and the way the system existed created room for needless bottle necks and fraud.

Always requiring labourious queue and endless verification to stop ghost pensioners and fraudulent accountants

The current administration instituted the Contributory Pension scheme in January 2017 where a percentage of your basic is deducted and government also contributes a certain percentage to a PFA (Pension fund administrator) who invests the cash and after you retires pays it out to you based on your preference in line with industry regulated practices........

Most of the people paid are those from the Local government and it is the gratuities factored from the old legacy system. Under the new system, government doesn't pay pension, they send your cash to a PFA, and PFA pays you instead.......

Love800:
I have a question

Is pension for life or it will stop at some point in time?

Under the old legacy system, pension is for life. That is to say government will pay pension monthly till you pass on, it isnt transferable.......

Under the new contributory pension system, you decide how you get paid. You have a pension account, just like a bank account where you see the total sum of monies you have accrued in savings plus interest accured through the PFA using your money to invest.......also you can take a loan from your pension savings while you still work.....

Based on industry best practices, under the new system you can do 2 things....

1. Demand your whole pension be paid to you either once or in instalments.....E.g If your account hold 8million, you can demand to withdraw the whole money once or what some people prefer.....they demand a lump payment of #3 million while the sum of #30,000 be paid every month until the #8million finish. The benefit of this option is that in the event of the demise of the pensioner, your next of kin is entitled to the balance of whatever money is left............

2. The second option is preferred by PFAs {Oloriburuku them}, they have what is called an annuity plan. Under Annuity, they keep your money for the purpose of reinvesting and pay you monthly interest on that investment as pension for life till the death of the pensioner. Why PFAs like this plan and always market it to pensioners is because it isnt transferable and once the pensioner dies the money becomes theirs. They factor your age, the volume of cash you have in savings and decide how much to pay every month.....Eg. you may have pension savings of #8million and hear after accepting annuity that they will only pay you #20,000 every month for life. If you factor life expectancy, football age factor in recruitment in the civil service amongst other factors, pensioner for don die before he/she receive up to 50% of that money......leaving the rest for the PFA

weizixu:
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jowhyte:
You think everyone is like you guys the Emilokan fan boys who are placed on monthly 30k - 50k fees to endlessly type in this forum and other social media platforms this government shall favour me and my families?

Since we the Edo rejected your baba Sope type of Lagos politics backing our words with actions with the mantra “Edo Nor Be Lagos” that made Emilokan puppet to lose at the governorship poll gallantly. You lots keep nursing bitterness and launching attacks on the person of the Edo state governor - Obaseki even when he does the right.

He still remains one of the best Governors Edo has ever had. History will be kind to him. Truly governance is not all about paparazzi noise making.

When he leaves Edo state will know what’s up on how prudent and efficient he has been managing the lean resources of the state while touching every areas.

I noticed you guys are the most critics of Obaseki. You don’t say anything good about him even when he set the pace in most areas.

Here is a performing governor bringing dividends of good governance to is people in the areas of prompt salary/pension payment something bigger state in terms of revenues have not been able to do promptly in the past several years and he even currently pay the highest minimum wage in the 36 states of the federation including the FCT.

And recently he want to start paying retired workers gratuities and you are saying same governor is a failure? The. Someone living in the state is trying to correct you and you want to give a bad name to the person?

Some states don’t even pay pension. In Edo state civil service today, if you retired today and the following or two l, your pension immediately starts getting paid automatically without having to know anybody or doing a connection legging.

Who be this one... I am not a fan of Emilokan, I supported Obi and I will always do. All these are irrelevant lol

Under the old system, do u demand hw much u are paid monthly? And why is it not transferable?

Under the new system in the first option, that means ur pension can still finish at some point. Am right abi?

Under the new system in the second option, is it from the profits of the investment that the PFA will pay u from? And cant i demand hw much they pay me monthly? And what is the meaning of oloriburuku?

But the annuity depends on hw much u have in ur account, right? Like if someone has 20million as savings, the money they pay u monthly will pass 20k, right?

ehissi:


Under the old legacy system, pension is for life. That is to say government will pay pension monthly till you pass on, it isnt transferable.......

Under the new contributory pension system, you decide how you get paid. You have a pension account, just like a bank account where you see the total sum of monies you have accrued in savings plus interest accured through the PFA using your money to invest.......also you can take a loan from your pension savings while you still work.....

Based on industry best practices, under the new system you can do 2 things....

1. Demand your whole pension be paid to you either once or in instalments.....E.g If your account hold 8million, you can demand to withdraw the whole money once or what some people prefer.....they demand a lump payment of #3 million while the sum of #30,000 be paid every month until the #8million finish. The benefit of this option is that in the event of the demise of the pensioner, your next of kin is entitled to the balance of whatever money is left............

2. The second option is preferred by PFAs {Oloriburuku them}, they have what is called an annuity plan. Under Annuity, they keep your money for the purpose of reinvesting and pay you monthly interest on that investment as pension for life till the death of the pensioner. Why PFAs like this plan and always market it to pensioners is because it isnt transferable and once the pensioner dies the money becomes theirs. They factor your age, the volume of cash you have in savings and decide how much to pay every month.....Eg. you may have pension savings of #8million and hear after accepting annuity that they will only pay you #20,000 every month for life. If you factor life expectancy, football age factor in recruitment in the civil service amongst other factors, pensioner for don die before he/she receive up to 50% of that money......leaving the rest for the PFA

ehissi:


Under the old legacy system, pension is for life. That is to say government will pay pension monthly till you pass on, it isnt transferable.......

Under the new contributory pension system, you decide how you get paid. You have a pension account, just like a bank account where you see the total sum of monies you have accrued in savings plus interest accured through the PFA using your money to invest.......also you can take a loan from your pension savings while you still work.....

Based on industry best practices, under the new system you can do 2 things....

1. Demand your whole pension be paid to you either once or in instalments.....E.g If your account hold 8million, you can demand to withdraw the whole money once or what some people prefer.....they demand a lump payment of #3 million while the sum of #30,000 be paid every month until the #8million finish. The benefit of this option is that in the event of the demise of the pensioner, your next of kin is entitled to the balance of whatever money is left............

2. The second option is preferred by PFAs {Oloriburuku them}, they have what is called an annuity plan. Under Annuity, they keep your money for the purpose of reinvesting and pay you monthly interest on that investment as pension for life till the death of the pensioner. Why PFAs like this plan and always market it to pensioners is because it isnt transferable and once the pensioner dies the money becomes theirs. They factor your age, the volume of cash you have in savings and decide how much to pay every month.....Eg. you may have pension savings of #8million and hear after accepting annuity that they will only pay you #20,000 every month for life. If you factor life expectancy, football age factor in recruitment in the civil service amongst other factors, pensioner for don die before he/she receive up to 50% of that money......leaving the rest for the PFA

I don't think that's true ooooo annuity if one dies, it's still transferrable

Larry1960:



I don't think that's true ooooo annuity if one dies, it's still transferrable

Not in my country Nigeria. Once you pass on, the annuity payment ends........feel free to confirm from any PFA!!

ehissi:


Not in my country Nigeria. Once you pass on, the annuity payment ends........feel free to confirm from any PFA!!

Hello I've confirmed this for someone from a PFA and they said it would be transferred to the next of kin if the person dies

Larry1960:



Hello I've confirmed this for someone from a PFA and they said it would be transferred to the next of kin if the person dies

They lied, end of life of beneficiary - the pensioner - is the tenure of annuity. Only Whole or Preprogrammed payment is transferable.

If the PFA staff you asked insists that pension under annuity, is transferrable to next of kin, then riddle me this, ask them what is the process of complete withdrawal of pension funds under annuity in the event that the pensioner is deceased for next of kin..........which form do they fill and what documents do they present?

Make we know who dey play...................

HELLO NAIRALANDERS,

PLS I NEED YOUR ADVICE ON HOW TO EXPEDITE MY DECEASED MUMS PENSION AND GRATUITY WHICH RUNS INTO MILLIONS.

I HAVE SUBMITTED ALL DOCUMENT NEEDED TO MAKE PAYMENT SWIFT YET STILL ITS BEEN OVER 2 YRS AND NO PAYMENT HAS BEEN RECEIVED, ABSOLUTELY ZILCH.

THERE IS A RUMOR THAT THE GOVERNMENT WANTS TO BORROW SOME CASH FROM PENCOM FOR WHATEVER REASON. BEFORE THIS TYPE OF CALAMITY OCCUR, I NEED MY MUMS PENSION/ GRATUITY PAID.

EXPERTS IN THE HOUSE PLEASE ADVISE ME.

PLEASE HELP PUSH THIS QUESTION TO THE FRONT PAGE.

THANKS IN ADVANCE AND GOD BLESS YOU.