AFUED Pension Directorate Urges Prospective Retirees (2026-2030) to Update Records to Avoid Delays

The Directorate of Pension, Staff Welfare, and Statistics (DPSWS) of Adeyemi Federal University of Education (AFUED), Ondo, has advised members of staff scheduled to retire between 2026 and 2030 to update their records early to avoid delays in processing pensions and retirement benefits.  

The Deputy Registrar in charge of DPSWS, Mrs. Ogungbenle Beatrice Eghosa, gave the advice on Thursday, 9th July 2026, during an interactive session for prospective retirees held at the New Centre for Educational Technology building.  

Describing retirement as “another joyous milestone,” Mrs. Ogungbenle congratulated the prospective retirees and urged them to pay attention to common causes of delay in pension processing.  

She listed the causes to include untimely update of records, problems relating to next-of-kin, discrepancies between date of birth on University records and National Identification Number (NIN), as well as issues relating to change of Pension Fund Administrator (PFA).  

The DRDPSWS also urged staff expected to retire between 2028 and 2030 to contact their PFAs for data recapturing to ensure their records are up to date for timely processing of benefits.  

On academic staff, she explained that those who attain the rank of Associate Professor before the mandatory retirement age of 65, and who are covered by relevant government policy, will be retained in service until age 70. She, however, noted that those who do not attain the rank of Associate Professor before 65 are not eligible for the extension.  

Mrs. Ogungbenle further explained the two available retirement benefit payment options: “Programme Withdrawal,” administered by a retiree’s PFA, and “Annuity,” managed by a licensed insurance company.  

She also spoke on the Federal Government Exit Benefit Scheme (EBS), describing it as a special financial support package introduced by the administration of President Bola Ahmed Tinubu to cushion the effects of retirement before pension payment commences.  

According to her, the scheme provides beneficiaries with an amount equivalent to one year’s annual salary. “The payment would not be deducted from the retiree’s retirement savings account neither would it also form part of the pension benefits. The Exit Benefit Scheme is a special package provided by the Federal Government to ease financial burden of retirees before their pension becomes fully operational,” she stated.  

The meeting, held at the New Centre for Educational Technology, was attended by senior officials of DPSWS including Mr. Akomolafe Kayode, Mrs. Ogunleye Funmilayo, Administrative Officer I, and other staff of the Directorate. Staff of the Directorate of Information and Public Relations were also present, alongside prospective retirees from both academic and non-teaching staff of the University.