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Published On: Wed, Aug 8th, 2018

Lagos pays N467m to 187 retirees

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From Ngozi Onyeakusi, Lagos

The Lagos State Government has paid N466.855m into the Retirement Savings Accounts of 187 of its retirees under the Contributory Pension Scheme for the month of July.
A statement from the Lagos State Pension Commission disclosed that more retirees from the State Universal Basic Education Board benefitted from this batch of payment.
According to the Commissioner for Establishments, Training and Pensions, Dr Akintola Oke, despite the scarcity of funds, the Lagos State Governor, Mr. Akinwunmi Ambode, still holds the pensioners in high esteem by ensuring the release of funds every month for the payment of their entitlements.
He pointed out that 9,401 retirees had been paid about N38.5bn under the present administration.
The Director General, LASPEC, Mrs Folasade Onanuga, advised retirees on the need to put their house in order for any eventuality by making sure they wrote their wills while still active.
She urged them to be active in retirement, because the more they moved around, the better for their health.
In appreciation, two of the retirees, Mr Orisayomi Olafemi and Mrs Adewole C.B, commended the efforts of the governor in accelerating the process of payment of retirees’ entitlements, which they said could not be compared with what obtained in other.

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