The Lagos State Government has, for the month of August 2016, paid 180 retirees from the mainstream Civil Service, Local Governments, State Universal Basic Education Board (SUBEB), Teachers Establishment and Pension Office (TEPO) and other parastatals their pension entitlements of N918.703 million.
The payment has brought the number of retirees paid between August, 2015 to August, 2016 to 4,104, while the total accrued pension rights paid by the State government within the same period is N16.951billion
Speaking at the 30th Retirement Benefit Bond Presentation Ceremony, which took place recently, the Director-General, Lagos State Pension Commission, Folashade Onanuga reiterated the commitment of the State Governor, Mr. Akinwunmi Ambode to the wellbeing of both serving and retired officers, and to all residents of Lagos State.
She advised the retirees to live modestly and focus on healthy living rather than engage in frivolous spending which rather, than add value to their living will diminish it and further encouraged them to maintain one form of exercise or the other and also beware of pension fraudsters.
The Bond certificate recipients were full of praises and thanks to the present administration for not abandoning them at this crucial time in the history of Nigeria.
In a related development, the Lagos State Pension Commission has received another Award of Excellence in recognition of its sterling performance by the Nigerian Insurance and Pension Awards organised by Inspen online Media.
In her remarks at the event which took place at Lagos Chambers of Commerce and Industry (LCCI) Event Centre in Ikeja, Mrs. Folashade Onanuga, express her appreciation to the organisers for the award, saying the achievements and success story of LASPEC is primarily due to Governor Ambode’s dynamism and commitment to the welfare of workers.