Lagos State pays N1.5 billion to retirees


Leave a comment

Chuks Udo Okonta

The Lagos State Government has approved the release of N1.5 billion for the payment of another batch of retirees numbering to 238 from the State Public Service for the month of November. This brings the number of retirees paid so far, between August and November, this year to about 1,992.

A statement by Assistant Director, Information Lagos State Pension Board (LASPEB) Mrs Lawal Ajoke, said the total accrued pension rights for years, spent under the Pay As You Go pension scheme paid on behalf of the retirees is N8.4 billion adding that this kind gesture is in continuation of the Governor’s magnanimity and earlier promise to clear the outstanding benefits of the retirees.

The Director General, Lagos State Pension Board, Mrs. Folashade Onanuga said despite the fact that the State Government has other things contending with the State funds, His Excellency believes that retirees deserved to be honoured, having put in their best whilst in active service. “This is part of the change, the administration has promised the people of Lagos State”, she added.

She made this known whilst welcoming the Retirees to the 21 Retirement Bond Certificate Presentation Ceremony, held between Wednesday 25th to Friday 27th November, 2015 at the NECA, House, Central Business District, Ikeja. She stressed that retirees should be guided in any business they might want to invest their money in.

She also mentioned that the retirees would soon be issued identification cards to enable them access health care facilities.

The beneficiaries could not hide their happiness as they received their Bond certificates, and expressed their optimism that with the monthly payment of entitlement to retirees, the issue of retirees waiting for months before being paid will soon be a thing of the past.


Leave a Comment

Your email address will not be published. Required fields are marked *