Views: Visits 4 Governor Babajide Sanwo-Olu 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.
Ebere Nwoji
The Director-General, Lagos State Pension Commission, Mr. Babalola Obilana, has said the state government paid over N1 billion to its retirees in April.
Obilana, disclosed this while speaking at the retirement bond certificates presentation ceremony to the 84th batch of the Contributory Pension Scheme (CPS) retirees in Lagos.
“In the hall today, we have a total number of 358 retirees whose pension rights of N1.006 billion have been credited into the Retirement Savings Accounts,” he said.
He said Lagos State has been consistent with its leadership role in the implementation of the CPS in line with the provisions of the Lagos State Pension Reform Law of March 19, 2007 now amended.
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