Lagos State Government has paid N1.52bn to 515 retirees in the state.
The Commissioner for Establishments, Training and Pensions, Mrs Ajibola Ponnle,
made the payment during the 92nd retirement bond certificate presentation ceremony to retirees of the Lagos State Public Service on Wednesday.
She said:“Furthermore, the sum of N1.52bn only has been credited into the Retirement Savings Accounts of 515 retirees this month, alongside their monthly contributions.”
According to her,over N38bn as accrued pension rights to 9,865 retirees in the mainstream, local government, state Universal Basic Board, Teaching Service Commission, and other parastatals of the state government from May 2019 to date.
The state government ,she said,recognises the plight of its workers who served in the Lagos State Public Service and the need to safeguard their financial security after service.
She added:“This administration has continually prioritised the prompt payment of the government’s pension obligations within the available limited resources”
Speaking,the Director-General, Lagos State Pension Commission, Mr Babalola Obilana, said Lagos State had implemented the Contributory Pension Scheme since its inception in line with the provisions of the Lagos State Pension Reform Law of 19th March, 2007 now amended.
He added,:“The state government in a bid to secure the future of its greatest asset, the public service, has consistently prioritised pension contributions in the annual state budget and we are happy to note that Lagos State is fully compliant with the statutory requirements of the CPS.
