Retirement Benefits (Deputy President and Designated State Officers) Act

4A. Entitlements for person holding appointive or elective position in Government

Edition: 2023-11-03 · In force

A person who —

(a)holds an appointive or elective office in the Government; and

(b)previously held a position to which pension and other benefits accrue under this Act,

shall, upon retirement or ceasing to hold that office entitled under this Act, be paid-

(i)a monthly pension equal to eighty per cent of the monthly salary of the entitled person's last monthly salary while in office; and

(ii)a lumpsum payment on retirement as calculated as a sum equal to one year's salary paid for each term served in office.

[Act No. 4 of 2023, s. 91, L.N 186/2023, Sch.]