carlcar2012:
Like if you think explore d look for trouble

xpset2:
I feel your pain. Not a single like for like 2 hrs.

Explorers:
Some civil servants salary, including promotion and annual increments.



₦200, 000 × 12Months = ₦2, 400, 000per annum


₦2, 400, 000 × 35years = ₦84, 000, 000


₦84m, if a civil servant decides to save his entire income for 35yrs without spending a dime.







State civil servants will earn far far less than this.



Some politicians will earn more than ₦84m in a year while serving just 4years in an office.

Explorers:
Some civil servants salary, including promotion and annual increments.



₦200, 000 × 12Months = ₦2, 400, 000per annum


₦2, 400, 000 × 35years = ₦84, 000, 000


₦84m, if a civil servant decides to save his entire income for 35yrs without spending a dime.







State civil servants will earn far far less than this.



Some politicians will earn more than ₦84m in a year while serving just 4years in an office.

raumdeuter:


Okay this is getting clearer. So the gratuity and the pension owed has been deducted from these peoples salary In their working days. So the money was deducted and saved where? ministry of finance account or what. Do the retired workers have a statement of account issued to them showing how much total was deducted over their working years to show how much they'll be entitled to in retirement.

Even Nigeria with all these inflation sef. Imagine someone who retired in 1995 on a salary of 10k a month maybe good money then, how much would they have deducted to be paid back now that will make sense for survival In this today's economy

raumdeuter:
For European retirees, while working a portion of their income is deducted and kept for them, this portion is disbursed back to them after they retire. As social security checks

For Nigerians do the govt deduct a portion of their income while working and keep for retirement. Please help clarify

raumdeuter:
For European retirees, while working a portion of their income is deducted and kept for them, this portion is disbursed back to them after they retire. As social security checks

For Nigerians do the govt deduct a portion of their income while working and keep for retirement. Please help clarify

Explorers:
Some civil servants salary, including promotion and annual increments.



₦200, 000 × 12Months = ₦2, 400, 000per annum


₦2, 400, 000 × 35years = ₦84, 000, 0004933904


₦84m, if a civil servant decides to save his entire income for 35yrs without spending a dime.

Haba! How is that possible?







State civil servants will earn far far less than this.



Some politicians will earn more than ₦84m in a year while serving just 4years in an office.

raumdeuter:
For European retirees, while working a portion of their income is deducted and kept for them, this portion is disbursed back to them after they retire. As social security checks

For Nigerians do the govt deduct a portion of their income while working and keep for retirement. Please help clarify

Explorers:
Some civil servants salary, including promotion and annual increments.



₦200, 000 × 12Months = ₦2, 400, 000per annum


₦2, 400, 000 × 35years = ₦84, 000, 000


₦84m, if a civil servant decides to save his entire income for 35yrs without spending a dime.







State civil servants will earn far far less than this.



Some politicians will earn more than ₦84m in a year while serving just 4years in an office.

nestic:
the exert definition of bad and good government...infact now the problem is we dont even know who to blame anymore...
call buhari "he is in london for medical check-up"...
call lai Muhammed "he lies"
call dinomelayi {soorrry if i spelt it wrong} he shows us his cars.
am tired of this country infact am leaving to Zimbabwe....mugabe is gone

raumdeuter:


Okay this is getting clearer. So the gratuity and the pension owed has been deducted from these peoples salary In their working days. So the money was deducted and saved where? ministry of finance account or what. Do the retired workers have a statement of account issued to them showing how much total was deducted over their working years to show how much they'll be entitled to in retirement.

Even Nigeria with all these inflation sef. Imagine someone who retired in 1995 on a salary of 10k a month maybe good money then, how much would they have deducted to be paid back now that will make sense for survival In this today's economy

Explorers:
Some civil servants salary, including promotion and annual increments.



₦200, 000 × 12Months = ₦2, 400, 000per annum


₦2, 400, 000 × 35years = ₦84, 000, 000



₦84m, if a civil servant decides to save his entire income for 35yrs without spending a dime.







State civil servants will earn far far less than this.



Some politicians will earn more than ₦84m in a year while serving just 4years in an office.

Ishilove:

Yes they do. Na to get that portion be the wahala

Explorers:
Came across this on facebook.



When our old parents have laboured so hard to serve their fatherland, the government for 35years.

But they have to queue for days, weeks, months to get paid.


Some have even died trying to get their pay.

Thewaythingsare:

This is even on the high side! Less than 1% of civil servants earn above N100,000

bettercreature:
This is why politicians steals money there is no hope for them afte they leave office

raumdeuter:


Okay this is getting clearer. So the gratuity and the pension owed has been deducted from these peoples salary In their working days. So the money was deducted and saved where? ministry of finance account or what. Do the retired workers have a statement of account issued to them showing how much total was deducted over their working years to show how much they'll be entitled to in retirement.

Even Nigeria with all these inflation sef. Imagine someone who retired in 1995 on a salary of 10k a month maybe good money then, how much would they have deducted to be paid back now that will make sense for survival In this today's economy

MaziOmenuko:


Yes, it is done. But then the money is looted and relooted so when the current governor comes to office, he has to pay from the state funds rather than pension funds because it is nowhere.

OBJ started a reformed pension scheme where Pension Fund Administrators (PFA's) now keep the funds. The pension scheme extends to every worker, not just govt workers. They keep a 25% percentage of your basic pay (8.5% from you, your employee pays the remaining) so when you retire, the PFA's pays your pension.

Why it is still complex now is because these guys on the pix belongs to the era of the pre PFA scheme where govt had access to all the pension funds. Soon, when people retire, pension will be paid by PFA's and it wont take this rigorous process.

Explorers:
Some civil servants salary, including promotion and annual increments.



₦200, 000 × 12Months = ₦2, 400, 000per annum


₦2, 400, 000 × 35years = ₦84, 000, 000


₦84m, if a civil servant decides to save his entire income for 35yrs without spending a dime.







State civil servants will earn far far less than this.



Some politicians will earn more than ₦84m in a year while serving just 4years in an office.