Pension

Lagos State to pay N1.5bn accrued pension rights next week

Governor of Lagos State, Babajide Sanwo-Olu

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Chuks Udo Okonta

The Lagos State Government through the Lagos State Pension Commission (LASPEC) is billed to pay the sum of N1.5 billion accrued pension rights on Friday, August 30, 2019, for Retirees under the Contributory Pension Scheme (CPS).

A statement by the Public Affairs Officer, LASPEC, Lagos State Pension Commission Mrs. Mariam, Adetokunbo Eko, stated that accrued pension rights being the entitlements of the Retirees under the discontinued Pay as you go Pension Scheme will be remitted into the Retirement Savings Account of the Retirees drawn from the Mainstream service, Local Government, SUBEB and Teaching Service Commission.

She noted that all invited beneficiaries for the month of August are expected to assemble at the NECA House banquet hall by 10am for the collection of their Retirement Benefits Bond Certificates.

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