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Lagos pays N1.12bn accrued pension rights to 438 Retirees in April 2022

ByAdmin

May 1, 2022
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The Lagos State government said on Friday that it had paid N1.128 billion in April which represents the accrued pensions and contributions to 438 retirees.

Ajibola Ponnle, the Commissioner for Establishments, Training and Pension, verified this at the Lagos State Pension Commission’s (LASPEC) 93rd Retirement Bond Certificate presentation to retirees of the Lagos State Public Service in Lagos.

Mrs. Ponnle also stated that the state government had paid a total of N39 billion in pensions to 10,380 pensioners in the state since May 2019.

She said “The state government is committed to the welfare and interest of pensioners in the Lagos State “The state government is devoted to the welfare and interests of retirees in the Lagos State public sector, and has consistently prioritized early fulfillment of its pension obligations within available resources,” she said.

Following their successful retirement, the commissioner encouraged the retirees to embrace the benefits and responsibilities of their new phase of life.

She advised the retirees not to hesitate to call LASPEC or the Ministry of Establishments, Training, and Pensions if they had any questions or needed help with the retirement benefits protocols.

Babalola Obilana, the Director-General of LASPEC, said the state has followed the requirements of the Lagos State Pension Reform Law on March 19, 2007, as modified, in implementing the CPS.

Mr. Obilana praised Governor Babajide Sanwo-Olu’s commitment to the successful administration of the CPS in Lagos State.

The governor’s commitment, he noted, resulted in the regular issue of Retirement Benefit Bond Certificates to retirees.

Source


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