Retirees under the Lagos State Government have been paid over N32 billion in the past two years.
This was made public by Mr Babalola Obilana, Director-General, Lagos State Pension Commission (LASPEC), Babalola Obilana, during the 85th bond presentation to benefiting retirees in the state.
According to Obilana, the state government placed premium on the welfare of pensioners and was determined to clear all issues relating to pensions.
He stated that one of the targets of the present administration was to successfully conclude the payment of accrued pension rights at the end of the governor’s first term in office.
According to him, this will enable pensioners to receive their entitlements upon retirement from the state’s public service on a ‘pay as you leave’ basis.
Obilana noted that in fulfilment to the government’s commitment to pensioners’ welfare, the Retirement Saving Accounts (RSAs) of 326 retirees were credited with over N1 billion for the month of May.
