Saturday, October 31, 2020

Lagos pays N1bn of accumulated pension rights for September

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The Lagos state government has paid more than 1 billion naira in accumulated pension rights to 219 retirees from the state’s public service during the month of September.

Mr. Babalola Obilana, Director General of the Lagos State Pension Commission (LASPEC), in a statement on Friday, said that the beneficiaries received their bonuses at the retirement bond presentation of the 79th lot in Lagos.

Obilana advised retirees to understand the pension program options available (scheduled retirement and annuity) for their pension rights and to choose the one they prefer.

He urged retirees to be prudent in spending and also notified them that the commission had started dealing with retiree complaints and inquiries between 10 a.m. and 1 p.m. every day.

The CEO commended Governor Babajide Sanwo-Olu for his commitment to the monthly payment of retirees despite the COVID-19 pandemic and its concomitant effects on state resources.

According to him, the governor’s action is proof of the current administration’s commitment to the timely payment of pensioners’ rights as promised.

He said it was also a guarantee of continuous improvement in the delivery of the dividends of democracy in the state.

In reaction, Ms. Toyin Awoseyi, former Permanent Secretary of the Teaching Services Commission (TESCOM), thanked Governor Sanwo-Olu’s administration on behalf of other retirees.

Awoseyi also commended LASPEC management and staff for their proactive and efficient performance of their duties.

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