Browsing: contributory pension scheme

A statement by the Lagos State Pension Commission, signed by its Director-General, Folashade Onanuga, said that the amount was paid to 141 retirees under the Contributory Pension Scheme.

The directive, which states, among other things, that staff of FAAN opting to retire under the Defined Benefits Scheme should do so between now and March 31, 2014, implies that anyone who chooses to remain in service after the said date will be migrated to the Contributory Pension Scheme automatically