LAGOS 2019: Govt Pays Over N600M To Pensioners
Which state government takes care of its retirees like Lagos State?
Over the past three and half years, the state said it paid a total accrued pension rights of 41.81 billion naira to 10,286 beneficiaries.
In a statement from the Lagos State Pension Commission, LASPEC the money included the payment for entitlements of employees under the ‘Pay As You Go’ pension scheme which was discontinued in March 2007.
It added that the majority of those paid were from the State Universal Basic Education Board.
LASPEC also disclosed that the state presented Retirement Benefit Bond Certificates worth 632.33 million naira to another 139 public service retirees for the month of December.
A statement, quoted the Commissioner for Establishments, Training and Pensions, Dr Akintola Oke, as saying this at the 58th edition of Retirement Benefit Bond presentation in Lagos.
The commissioner stated that the government would continue to ensure prompt payment of all the rights and entitlements due to its workforce as a way of motivating them to effectively and efficiently discharge their duties as expected.
He stated that the State Government had never failed to remit monthly contributions into Retirement Savings Accounts maintained by the 13 approved Pension Fund Administrators.
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