Diri Signs 2023 Budget, Contributory Pension Bills into Law – THISDAYLIVE

Bayelsa State Governor, Senator Douye Diri, has signed the 2023 appropriation bill of N389.37 billion into law.

Also, he noted that political office holders were expected to contribute 10 per cent of their salaries while the state government and local government councils contribute 15 per cent on their behalf upon their retirement or disengagement from the service. The governor stressed that the pension scheme had to be backed by law because of its importance, which he noted would outlive his administration.

Diri assured workers that government would ensure that proper machinery was put in place to engage only reputable pension fund administrators to manage the funds in accordance with pension regulations. He equally assured that over N28 billion arrears would be paid off within the first tenure of his administration.

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