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

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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)

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