Lagos State pays 190 retirees N720, 445m accrued pension rights

Gov. Ambode

*Retirees commend LASPEC staff on their steadfastness

The Lagos State Government has delighted retirees from the State’s Public Service again by releasing the sum of N720,445m to be paid into the Retirement Savings Accounts of 190 Contributory Pension Scheme retirees in the month of August, 2018.

Addressing the retirees at the 54th Retirement Benefit Bond Certificate Presentation at Ikeja, Lagos, the Commissioner, Ministry of Establishment, Training and Pensions, Dr. Akintola Benson Oke said that 9,591 retirees have had accrued rights of N39,450 billion paid into their Retirement Savings Accounts in the last 37 months i.e. August 2015 – August 2018.

Akintola said that pensioners are always on the payroll priority of Lagos State every month and that the State is happy that it had cleared the backlog which was on ground at the beginning of the administration of Governor Akinwunmi Ambode.

Speaking earlier, the DG, LASPEC, Mrs Folasade Onanuga appreciated the retirees for their contribution to the development of Lagos State and assured them of the Governor’s commitment to their welfare in retirement.

She advised the retirees to spend wisely in retirement. “Any project you know you cannot finish, don’t put your money into it.”

The retirees in their response thanked the LASPEC Staff for their effectiveness and efficiency in the past years and implored the staff to keep up the good work!.

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