Obaseki’s Pension Reforms: Edo tops states with valid life insurance for workers

Edo State has been listed among three states and the Federal Capital Territory with valid Group Life insurance cover for workers.

 This was contained in a statement entitled “Obaseki’s Pension Reforms: Edo tops states with valid life insurance for workers,” issued on Tuesday.

According to the statement from the Special Adviser on Media to the Edo State Governor, Crusoe Osagie, Lagos, Kaduna and the Federal Capital Territory were also listed as being consistent in their subscription to the scheme.

 Osagie said a 2020 Mid-Year Report by the Edo State Pension Bureau revealed that ‘the sum of N80, 713,446.34 was paid as premium for 9,803 Edo State employees under the Contributory Pension Scheme (CPS), who are beneficiaries of the state’s Group Life Insurance cover.”