Edo Assures Refund Of Pension Contributions For Workers Moved From Contributory To Defined Benefit Scheme
Edo Assures Refund Of Pension Contributions For Workers Moved From Contributory To Defined Benefit Scheme From: Razak Zekeri, Senior Special Assistant to the Governor on Public Affairs The Edo State Government has given a firm assurance that it will refund the 8 percent pension contributions made by workers who were recently migrated from the Contributory Pension Scheme (CPS) to the Defined Benefit Scheme (DBS). The assurance was given by the Permanent Secretary of the Edo State Pension Bureau, Mr. Washington Abbe, while speaking with journalists in Benin City on the issues surrounding the transition of affected pensioners from CPS to DBS. Mr. Abbe said the state government is fully committed to ensuring that no pensioner suffers any loss or disadvantage as a result of the migration exercise, stressing that the welfare of workers and retirees remains a top priority of the present administration. According to him, all personal contributions made by the affected workers while under...