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Ekiti begins contributory pension scheme with 4,938 workers

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Faseluka noted that the development was sequel to the recent passage of the bill on the Pension Scheme by the State House of Assembly and its subsequent signing into law by Governor Ayodele Fayose.

The Ekiti State Government has commenced its Contributory Pensions Scheme (CPS) with 4,938 workers. The State Head of Service (HoS), Dr. Olugbenga Faseluka who made this known at a forum in Ado-Ekiti, said that government started the scheme with workers who were employed into the state public service from 2010 till date.

He explained that the affected workers (employees) would contribute eight per cent of their basic salaries from January 2012 while government (the employer) would pay 10 per cent of the basic salaries into the scheme in accordance with provisions of the state contributory pension act.

Faseluka noted that the development was sequel to the recent passage of the bill on the Pension Scheme by the State House of Assembly and its subsequent signing into law by Governor Ayodele Fayose.

He assured all stakeholders of a successful implementation of the scheme in the state, stressing that the officers handling the project were carefully selected and extensively trained for efficiency.



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