Lagos State pays N38.5 billion to 9,401 retirees
The Lagos State Government has credited N466.855m to the Retirement Savings Accounts of 187 of its retirees, including those of the State Universal Basic Education Board (SUBEB), under the Contributory Pension Scheme for the month of July 2018.
The State Commissioner for Establishments, Training and Pensions, Akintola Benson-Oke, who disclosed this recently, stated that in spite of the scarcity of funds, Governor Akinwunmi Ambode prioritises the payment of pensioners by making sure funds are released every month for payment of their entitlements.
He said the present administration had so far paid more than N38.5 billion to 9,401 retirees.
The Director-General, LASPEC, Mrs. Folasade Onanuga in her welcome address said that the Lagos State Government will continue to play the ‘mother-hen’ role, by ensuring the regular payment of pension benefits to retirees as at when due.
Onanuga used the opportunity to advise retirees on the importance of putting their houses in order for any eventuality by making sure they write their WILL whilst they are still active, imploring them to also be active in retirement, to sustain their good health.