This may be the best time to be a pensioner in Lagos State.

In this past August, the state government disbursed 742 million naira accrued pension rights to 255 retirees in August.

Lagos is sure taking care of its senior citizens.

In a statement obtained from Lagos State Pension Commission, during the 42nd retirement bond certificate presentation, Governor Akinwunmi Ambode said Lagos State cared for its pensioners and was committed to being up-to-date in pension payment.

Ambode, who was represented by the Commissioner for Establishments, Training and Pensions, Dr. Akintola Oke, advised the retirees to spend their money wisely.

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He said that in two years, between August 2015 and August 2017, the state, through LASPEC, paid 30 billion naira into the Retirement Savings Accounts of 7,232 retirees in form of accrued pension rights.

The Director-General, LASPEC, Mrs. Folashade Onanuga, also advised the retirees on healthy living.

She urged beneficiaries, who have relatives and friends that are still in service, on the importance of making Additional Voluntary Contributions into their RSAs.

“The deduction field for AVC is now on the state government’s oracle HR application. The AVC will guarantee more comfortable life for retirees as the funds are invested and can be accessed immediately by a retiree on retirement. It can also be used to boost pension received in retirement,” Onanuga said.

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