Lagos govt. pays N1.128bn to 438 retirees

The Lagos State government on Friday said it had paid N1.128 billion, representing the accrued pensions of 438 retirees and their contributions for April.

The Commissioner for Establishments, Training and Pension, Mrs Ajibola Ponnle, confirmed this at the 93rd Retirement Bond Certificate presentation to retirees of the Lagos State Public Service organised by the Lagos State Pension Commission (LASPEC) in Lagos.

Ponnle added that the state government had paid accrued pension of N39 billion to 10,380 retirees of the state from May 2019 till date.

She said: “The state government is committed to the welfare and interest of pensioners in the Lagos State public service and has continually prioritised the prompt payment of its pension obligations within the available resources.

“Despite the huge liabilities faced in running our dear state, the present administration has ensured the prompt payment of pension entitlements to retirees under the Pay As You Go Pension Scheme monthly.

“LASPEC ensures the payment of accrued pension rights to retirees under the Contributory Pension Scheme (CPS) to enable timely access to their RSA’s.”

The commissioner advised the retirees to embrace the joy and challenges of their new phase of life, following their successful retirement.

She charged the pensioners not to hesitate to contact LASPEC or even the Ministry of Establishments, Training and Pensions, should they require clarifications or advice regarding the modalities for retirement benefit.

“I congratulate every retiree present and wish you all the best. I pray that God will give you good health to enjoy your benefits,” Ponnle said.