Pension

Lagos State pays N918.703m to 180 retirees

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Mrs Onanuga and Lawal receiving the award.

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Chuks Udo Okonta

The Lagos State Government in the month of August, 2016 paid pension entitlements worth N918.703 million to 180 retirees from the Mainstream Civil Service, Local Governments, State Universal Basic Education Board (SUBEB), Teachers Establishment and Pension Office (TEPO) and other parastatals of Government.

A statement by Mrs Ajoke Lawal of Public Affairs Unit, Lagos State Pension Commission (LASPEC) said the payment has brought the number of retirees paid between August, 2015 to August, 2016 to 4,104, adding that the total accrued pension rights paid by the State government for the period, amounts to N16.951billion.

Speaking at the 30th Retirement Benefit Bond Presentation Ceremony, which took place between Monday, 29th to Tuesday, 30th August 2016 at the Office premises, Alausa, Ikeja, the Director-General, Lagos State Pension Commission, Folashade Onanuga reiterated thecommitment of the Governor of Lagos State, Akinwunmi Ambode to the well being of both serving and retired officers, and to all residents of Lagos State.

She advised the retirees to live modestly and focus on healthy living rather than engage in frivolous spending which rather, than add value to their living will diminish it. She encouraged them to maintain one form of exercise or the other and also beware of pension fraudsters.

The Bond certificate recipients were full of praises and thanks to His Excellency for not abandoning them at this crucial time in the history of Nigeria.
“We voted for Ambode and he has not failed us”. He is the Joseph of our time who, in a period of hardship ensured that there was plenty in the land, may his star continue to shine,” they said

In a related development, the Lagos State Pension Commission received another Award of Excellence at the Nigerian Insurance and Pension Awards organised by Inspenonline Media. The event took place on the 12th of August at Lagos Chambers of Commerce and Industry (LCCI) Event Centre, Ikeja, Lagos.

Appreciating the organiser of the event, the Director- General Lagos State Pension Commission, Mrs Folashade Onanuga, attributes Lagos state Success story to the Governor’s dynamism and commitment and to welfare of workers.

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