Tag: #FinancialSecurity
-
CIVIL SERVANTS CHEER RETURN OF GRATUITY AFTER 22 YEARS
Federal civil servants are celebrating the reintroduction of gratuity, ending more than two decades without the retirement perk. The Federal Executive Council approved a new exit benefit on March 5, giving retirees a lump sum equivalent to one year’s salary—a major boost to complement the existing Contributory Pension Scheme (CPS). Workers told NAN that the…
-
GRATUITY BOOST: FG’S 100% PAYOUT GAINS PRAISE FROM RETIREES, CIVIL SERVANTS
Retirees and civil servants are cheering President Bola Tinubu’s approval of 100% gratuity payments for retiring federal workers, calling it a long-overdue recognition of their service. The Federal Executive Council’s Exit Benefit Scheme guarantees retirees a gratuity equal to their full annual salary, effective from January. Many see it as a morale booster and a…
