Lagos Pays N4.25 billion Accrued Pension Rights

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As part of efforts to improve the welfare of retirees, the Lagos State government has said it paid N4.25 billion accrued pension benefits to 1,268 retirees since the inception of the administration of its Governor, Babajide Sanwo-Olu.

The Commissioner, Establishment, Training and Pensions, Mrs Ajibola Ponnle, disclosed this at the Lagos State Pension Commission (LASPEC) 66th retirement benefits bond certificates presentation ceremony held in Lagos.

Ponle said that the state was paying N1.5 billion to 378 retirees at its 66th bond presentation while, N2.75 billion has been paid to 881 retirees in the last three months, making a total payment N4.25 billion.

She added that to ensure a comfortable life for retirees, the state had commenced the issuance of identification cards to retirees, which they would use to access free medical treatment in the state’s hospitals and ride on the state mass transit buses for free.

Speaking earlier, the Director-General, Lagos State Pension Commission, Folashade Onanuga, assured the retirees that the government’s interest in their welfare was dominant because the state governor, runs a people-oriented government and also sensitive to the needs of the people

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