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Lagos Pays 10,380 Retirees N39bn Pensions

Lagos State Government said it paid N39bn to 10,380 retirees from May 2019 to April 2022.

The Commissioner for Establishments, Training and Pensions, Mrs Ajibola Ponnle, said this during the 93rd retirement bond certificate presentation ceremony of N1.13bn into the Retirement Savings Accounts of 438 retirees of the Lagos State public service on Friday.

She said, “Despite the huge liabilities faced in running our dear state, the present administration has ensured the prompt payment of pension entitlements to retirees under the Pay As You Go Pension scheme monthly, while LASPEC ensures the payment of accrued pension rights to retirees under the Contributory Pension Scheme to enable timely access to Retirement Savings Accounts.

“Today, under the administration of Mr Babajide Sanwo-Olu, the Lagos State Government has once again, faithfully honored its obligations as stated in the amended Lagos State Contributory Pension Scheme Law, by the presentation of bond certificates to the 93rd batch retirees from the state public service.


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