Lagos Govt pays N1.51bn accrued pension rights of 426 retirees




Lagos State governor, Babajide Sanwo-Olu

The Lagos State Government ( LASG)  on Wednesday said it had paid an Accrued Pension Rights of N1.514 billion into the Retirement Savings Accounts of 426 retirees from  the State’s Public Service for November.

Mrs Folashade Onanuga, the Director-General of the commission, disclosed this  during the 69th Retirement Benefit Bond Certificate Presentation in Lagos.

Onanuga said Gov. Babajide Sanwo-Olu of Lagos State  was committed to ensuring  that retired workers received their pensions not later than two months after retirement.

“The current administration is committed to clearing the backlog, hence  the payment of a huge amount of N1,514 ,251,233.33 into the RSAs of 426 retirees for the month of November.

” In October, a total of N1.15 billion was paid and in December, a projected amount of N1.5 billion will also be paid, ” she said.

This is contained  in a statement signed by  the spokesperson, Lagos State Pension Commission (LASPEC), Mrs M.A. Eko.

According to Onanuga, the governor particularly has the interests of the retirees at heart, hence, his consistent approvals of  billions of naira  to clear the outstanding accrued pension rights.

The Director-General thanked the retirees for contributing their quota to the develooment of the state and making a meaningful impact during their service years.

Onanuga, however, advised the retirees to be moderate in whatever they would doing to enable them leave a healthier and longer life.

She also said that the state government was planning to start its proposed free health care and transportation services for pensioners in the first quarter of  Year 2020.

(NAN)




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