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Lagos government pays N33.9 billion to 8,409 retirees
  • Post by Admin on sunday, March 05, 2015

The Lagos State Government has paid N33,943 billion as accrued pension rights to 8,409 retirees in the last 30 months. Governor Akinwunmi Ambode made this known at the 47th Retirement Benefit Bond Certificate Presentation in Lagos.

He said 149 retirees of the state Public Service were paid N723 million as their accrued pension rights. The cash was paid into their Retirement Savings Accounts (RSAs). He stated his interest in the well-being of retirees had been the driving force behind the regular funding of pension obligations.

Ambode, represented by Commissioner for Establishments, Training and Pensions Dr. Akintola Benson, said. "This is aside the regular monthly contributions into the Retirement Savings Account of active workers,

"the governor said,  adding: "We have been able to clear the backlog of outstanding pension obligations we met at the inception of this administration, and we are forging ahead to ensure that fresh liabilities arising from recent retirements are systematically cleared.

Photo Caption: Governor of Lagos State Akinwunmi Ambode

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