The Lagos State Government on Wednesday said it had paid over N32 billion to 7,998 retirees of its public service in the past two years.
Mr Babalola Obilana, Director-General, Lagos State Pension Commission (LASPEC) disclosed this during the 85th bond presentation to benefiting retirees in the state.
Obilana said that the state government considered the welfare of pensioners as top priority and was committed to the speedy resolution of all pension issues in the state.
He explained 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…
Source: Vanguard Newspaper