Retirees of Lagos’ local governments and universal basic education board are now happy people.

For the month of November, the Lagos State Government has paid 1.075 billion naira into their Retirement Savings Accounts under the Contributory Pension Scheme.

The Lagos State Governor, Akinwumi Ambode, said this during the 45th retirement benefits bond certificates’ presentation.

The governor, who was represented by the Commissioner for Establishments, Training and Pensions, Akintola Oke, said he remains committed to the well-being of the retirees.

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He said state authorities are in the process of providing pensioner’s ID cards that would enable the retirees enjoy some benefits, which hitherto they would have paid for.

Akintola said between August and November this year, the state has been able to disburse more than 32 billion naira in form of accrued pension rights to 7,976 retirees.

According to him, pensioners under the Pay-As-You-Go scheme receive their monthly pensions the same time active workers get their salaries.

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