General news

government of Lagos. pays 8,170 retirees over 32 billion naira in 2 years – commissioner

Published

on

government of Lagos.  pays 8,170 retirees over 32 billion naira in 2 years – commissioner

By Rukayat Adeyemi

The Lagos State government said it paid accumulated pensions of more than 32 billion naira to 8,170 retirees between May 2019 and July 2021.

The Lagos State Pensions Commission (LASPEC) said in a statement on Saturday that Ms. Ajibola Ponnle, Commissioner for Settlement, Training and Pensions, made the statement on Friday.

He said the commissioner made a statement at the 87th presentation of pension bond certificates to retirees.

Ponnle said the state government also paid more than 1 billion naira into the retirement savings accounts (RSA) of 247 retirees for the month of July.

She said 1.1 billion naira was credited in the RSA of 247 retirees this month, alongside their monthly contributions.

“The Lagos State government paid 32.8 billion naira to 8,170 mainstream retirees; local governments, the State Universal Basic Education Board, the Teaching Service Commission and other parastatal organizations, ” she said.

The commissioner assured that the state government was committed to the welfare and interests of retirees.

She explained that the government had always given priority to the prompt payment of pension obligations within the limits of available resources.

“Despite the huge liabilities, the current administration has ensured the prompt payment of pension rights to retirees under the monthly pay-as-you-go pension scheme.

“LASPEC ensures the payment of pension rights accrued to retirees under the Contributory Pension Scheme (CPS) to enable them to access their RSA without delay,” she said.

Ponnle advised retirees to embrace the joy and challenges of their new phase of life.

She urged them to contact LASPEC or the ministry if they need clarification or advice on the terms and conditions surrounding their pension benefit issues.

The Commissioner congratulated the retirees and prayed that God will give them good health to enjoy their benefits.

In his address, the Director General of LASPEC, Mr. Babalola Obilana, commended the state government for the effective and efficient administration of the PSC.

“One of the results of effective SPC administration is the regular issuance of pension voucher certificates to retirees.

“I must also appreciate the unwavering support from the ministry, pension fund administrators and insurance companies to ensure that all of our retirees have unrestricted access to their pension benefits,” he said.

Obilana urged retirees to take good care of their health, avoid unnecessary expenses and beware of pension fraudsters. (NAA)

Short Link: https://wp.me/pcj2iU-3BlG

NNN

NNN: :is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor @ nnn.ng

Recent Posts

Coronavirus – Zambia: Daily update of COVID-19 statistics (September 28, 2021) UNMISS holds peace dialogue to resolve long-standing intercommunal conflict in Rumbek Double taxation: FCT-IRS moves to harmonise taxes, levies Amuneke: Developing African talent is important for planning the future of football Sen. Olujimi advocates quick passage of gender equality bill Russian investigators target Navalny in new 'extremism' probe Pfizer submits data to authorize Covid vaccine in young children How the African Continental Free Trade Agreement (AfCFTA) is scaling up local content initiatives in Nigeria WHO Director-General’s remarks at the press conference on the report of the Independent Commission on Sexual Exploitation and Abuse – 28 September 2021 Pathfinder International harps on importance of contraceptives Innovation, quality service earned TAJBank industry award – customers SAP Young Professionals Program Evolves To Meet Africa’s Digital Skills Demands 4 UK charities launch campaign to end Nigeria school abductions 'Negligence' by WHO staff to blame for sexual abuse in DRC: commission WHO and partners call for urgent action on meningitis United Nations issues guidance on negotiating trade deals to increase trade resilience in times of crisis and pandemic Japan PM announces end to virus state of emergency Ensuring the safety of mothers and newborns during childbirth in Namibia Georgia threatens to arrest exiled ex-president Saakashvili Thunberg slams 30 years of climate ’empty words’ The Merck Foundation and the First Ladies of Africa celebrate “World Heart Day 2021” by training future experts in cardiovascular prevention in Africa Over 2 million Kenyans face acute hunger due to drought in Kenya, IRC warns Tickets for all FIFA Arab Cup Qatar 2021 matches go on sale tomorrow Keeping Kenya’s Women-Led Businesses Afloat During COVID-19 Lockdown FAR and US Army enter 6-year joint program to counter chemical, biological, radiological and nuclear threats United States donates 100,620 doses of Pfizer COVID-19 vaccine to Namibia Launch of Advocacy Explanators on the Model Law on Drugs in West Africa Guinea Bissau: Independent E&P, IOC Companies Unlock Potential MSGBC Offshore Area (by Miguel Artacho) North Korea fires 'missile', insists on right to weapons tests Schools adherence with COVID-19 guidelines impressive in Northeast- Stakeholders IOM’s new toolkit offers key guidance on migrant centers We will deploy 1,300 operatives, 25 vehicles for ember months in Edo- FRS Support young farmers through a peasant organization Morocco’s continued commitment to promote democracy Foreign Minister emphasizes Morocco’s pioneering role in immigration, the fight against terrorism and peacekeeping at the United Nations General Assembly Partnerships, special economic zones, new CSR essential for Africa’s economic diversification Bello says windows of trade between Nations will hasten dev’t Kenya: Health CS Mutahi Kagwe confirms government commitment to support primary health care MarketForce Appoints FMCG Distribution Veteran Arthur Bourekas as Commercial Director Nigeria, Turkey explore bilateral Trade, Business opportunities at Forum Liquid Intelligent Technologies Launches OneVoice for Operator Connect for Microsoft Teams, Introducing Transparent Voice Calls 2Africa extends to the Persian Gulf, Pakistan and India Masqueraders obstructing traffic flow during Yuletide risk prosecution——FRSC Yahaya Bello reprimands Chinese contractors over substandard job First Black woman to lead a political party in Canada resigns Africa’s Agric Blockchain Firm unveils Tonto Dikeh as brand Ambassador Arab Republic of Egypt Minister of Civil Aviation meets with Ambassador of the Kingdom of Bahrain in Cairo See tourism as tools for poverty reduction – FG to states United States Strengthens Public Health Emergency Preparedness and Response in Nigeria 2021 World Pharmacists Day: Garki Hospital begins deworming of 1,000 persons