The Lagos state government promised on Thursday to settle arrears of all pension payments by the end of 2022.
Ms. Ajibola Ponnle, Lagos State Commissioner for Establishment, Training and Pensions, made the pledge while delivering a keynote address at the Lagos State Pension Commission (LASPEC) pre-retirement webinar, in Lagos.
The Nigerian News Agency (NAN) reports that the seminar was organized for civil servants who are retiring between January and June 2021 in the state.
She said: “Unfortunately, we have an accumulation of pension rights and we recognize it.
“But by the end of 2022, which is about two years from now, we expect the delay to be lifted.
“We work tirelessly to make sure we fund all the accounts that need to be funded, so that as soon as retirees reach retirement age and retire, they get their pension.”
According to her, the Lagos state government is working assiduously to ensure that retirees can enjoy additional social benefits.
He said these would include free transportation for retirees on the state transportation network, the implementation of which was delayed due to the COVID-19 pandemic.
The commissioner noted that the administration led by Governor Babajide Sanwoolu appreciated the role that public servants play in governance.
“The governor has demonstrated this with the various initiatives and policies approved in the last year to improve the welfare of pensioners.
“Although the current economic situation is not friendly, the governor ensures the payment and even the increase of the pension.
“We appreciate the valuable experience and knowledge of our retirees and pray that they retire healthy and happy,” he said.
However, he advised prospective retirees to be wary of joining secondary associations that trick pensioners into helping them collect their pension.
Ajibola admonished members of society to always show compassion for retirees, saying that they are senior citizens and have much more to offer.
However, he congratulated future retirees and acknowledged the effort of LASPEC management and staff in organizing the webinar.
Mr. Babalola Obilana, CEO of LASPEC, said that the essence of the program was to educate future retirees on the documentation necessary to access their accumulated rights and pensions.
Obilana noted that having worked on active duty for the state government, it was imperative that the transition to retirement be done stress-free
According to him, the seminar also provides valuable information on how retirees should plan their finances and their lives after retirement.
“It will also provide you with health tips on how to enjoy your future after retirement,” Obilana said.
Mr. Afees Oyebo, LASPEC Deputy Director of Administration, in his conference entitled: “Documentation of retirement benefits under the Contributory Pension Plan” instructed retirees to update their documents.
Oyebo said this would ensure that the benefits and rights accrued due to retirees during their years of service were accurately calculated and credited to their Retirement Savings Account (RSA).
NAN reports that several resource people, including representatives from Crusader Sterling Pensions and FbNInsurance, also spoke at the webinar.