Retired professors in recognised publicå universities across the country will now be entitled to pension benefits equivalent to their annual salaries, the new agreement between the Nigerian government and the Academic Staff Union of Universities, ASUU, has revealed.
Specifically, the pact pointed out that an academic staff member who retires at the rank of professor will receive a pension calculated at one hundred per cent of his or her annual salary, marking a significant improvement in post-service welfare for senior academics.
The agreement, however, stipulates that only professors who served uninterruptedly in a recognised university until reaching the mandatory retirement age will qualify.
The thirty-five-page agreement document, also fixed the retirement age for Professorial Cadre at seventy years.
