Cross River Retirees Appeal for Pension Adjustment and Gratuity Payment
Retirees in Cross River State have appealed to Governor Bassey Otu to review and harmonise their pensions.
In Brief
- •Retirees in Cross River State have appealed to Governor Bassey Otu to review and harmonise their pensions.
- •Pension payments have not been adjusted since 2014, despite successive increases in the national minimum wage.
- •Many former state workers are still awaiting payment of their gratuities several years after retirement.
- •The state government has promised to release another tranche of gratuities before December.
- •Retirees are facing difficulties paying for basic necessities due to the declining purchasing power of the naira.
Why It Matters
The appeal by Cross River retirees highlights the ongoing challenges faced by former state workers in maintaining their standard of living. The lack of pension adjustments and pending gratuity payments underscores the need for timely and equitable benefits to ensure the well-being of retirees. Addressing these issues is crucial for providing relief to elderly former workers who have dedicated their lives to public service.
Key Details
- Last Pension Adjustment
- 2014
- Current Monthly Pension
- N4,000
- Gratuity Payment Promise
- Before December
- Previous Gratuity Payment
- N10 billion about two years ago
Context & Background
The appeal by Cross River retirees comes amid rising living costs and the declining purchasing power of the naira, which has significantly impacted the financial stability of elderly former workers.
What To Watch
The release of another tranche of gratuities before December.
Original Reporting & Sources
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