In my country, it actually depends on where you work, the private or public sector, the private sector pays faster as everything is decentralized and not much people like the public companies.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I think it is the same here that the private sector with a pension are paid quicker. The agency that handles the pension of employees working in private companies is different from the agency that handles the pension of the government employees. But they are practically the same in benefits.In my country, it actually depends on where you work, the private or public sector, the private sector pays faster as everything is decentralized and not much people like the public companies.
In my country, payment of gratuity depends on the state you worked with or ministry, some ministry pay a year after retirement while some takes years before they pay.We know after retirement their are dividends that comes from it. This one is for those that are bound to receive unending rewards as a privilege for their steadfast working for their beloved country. How long do you think it takes your own country to pay retiree's gratuity??
In most cases here in Nigeria, they normally take long time before the gratuity comes forth. Pension comes before gratuity.In my country, payment of gratuity depends on the state you worked with or ministry, some ministry pay a year after retirement while some takes years before they pay.
I agree, that was why I said the state and ministry you worked for determines, my mum got her gratuity 12 months after retirement she worked with federal government while her friend who works with state is yet to receive her gratuity till date.In most cases here in Nigeria, they normally take long time before the gratuity comes forth. Pension comes before gratuity.
Maybe that delay of pension payment can be attributed to the inefficient system or red tape. Another probable reason is the lack of budget that there is a tranche to be awaited before the new pensions will have a budget for payment. Whatever the reason is the pensioner is at a big disadvantage.In most cases here in Nigeria, they normally take long time before the gratuity comes forth. Pension comes before gratuity.