New minimum wage increment to be reflected in old pension scheme—FG | The Guardian Nigeria News - Nigeria and World News - News Summed Up

New minimum wage increment to be reflected in old pension scheme—FG | The Guardian Nigeria News - Nigeria and World News


For level seven, a 14 per cent increase is recorded representing N40,934.64 while level six is a 42 per cent increase representing N37,242.21. They are Consolidated Public Service Salary Structure (CONPSS); Consolidated Research and Allied Institutions Salary Structure (CONRAISS); Consolidated Tertiary Institutions Salary Structure (CONTISS II); and Consolidated University Academic Salary Structure (CONUASS II). Others are Consolidated Tertiary Educational Salary Structure (CONTEDISS); Consolidated Polytechnics and Colleges of Education Academic Salary Structure (CONPCASS); Consolidated Health Salary Structure (CONHESS); and Consolidated Medical Structure (CONMESS). The rest are Consolidated Intelligence Community Salary Structure (CONICSS); Consolidated Armed Forces Salary Structure (CONAFSS); Consolidated Police Salary Structure (CONPOSS); and Consolidated Paramilitary Salary Structure (CONPASS). “This review is addressing those on the old pension scheme which is the defined pension scheme.


Source: The Guardian April 30, 2021 15:28 UTC



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