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Published On: Wed, Sep 12th, 2018

Lagos settles retirees with N720.4m

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From Ngozi Onyeakusi, Lagos

The Lagos State Government has settled 190 retirees from the state’s public service with N720.445m under the Contributory Pension Scheme (CPS) for the month of August, 2018.
The Lagos State Pension Commission, made this known through the Commissioner, Ministry of Establishment, Training and Pensions, Dr Akintola Oke, while addressing the retirees at the 54th retirement benefit bond certificate presentation.
According to him, 9,591 retirees had accrued rights of N39.450bn paid into their RSA in the last 37 months (August 2015 – August 2018.)
Akintola said pensioners were always on the payroll priority of Lagos State every month, and that the state was pleased that it had cleared the backlog that existed at the beginning of the administration of Governor Akinwunmi Ambode.
The Director-General, LASPEC, Mrs Folasade Onanuga, appreciated the retirees for their contribution to the development of the state and assured them of the governor’s commitment to their welfare in retirement.
She advised the retirees to spend wisely in retirement.
“Any project you know you cannot finish, don’t put your money into it,” she told them.

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