Nation
Lagos Pays 291 Retirees N1.3bn Pension Benefits
The Lagos State Government yesterday said, it had paid 291 retirees of the state’s public service N1.29 billion accrued pension rights for the month of September.
The Director-General, Lagos State Pension Commission (LASPEC), Mr Babalola Obilana, announced this during the Retirement Bond Certificates Presentation to the 89th Batch Of Contributory Pension Scheme (CPS) retirees in Lagos.
Obilana, represented by Executive Director, Finance and Investment, LASPEC, Mr Olumuyiwa Oshin, said that the fund had been paid into the Retirement Savings Account ( RSA) of the beneficiaries.
He noted that Lagos state was passionate about its workforce, which propelled the implementation of the CPS in line with the provision of the Lagos State Pension Reform Law of March 19, 2007, now amended.
“This event has been put together to celebrate you, our retirees and also present to you your retirement bond certificate, showing accrued pension rights due to you for the years spent in the service of Lagos State under the discontinued Defined Benefit Scheme (DBS),” he said.
Obilana commended the commitment of Gov. Babajide Sanwo-Olu to the efficient and effective administration of the CPS in Lagos.
He said one of the outcomes of the governor’s commitment was the regular issuance of the Retirement Benefit Bond Certificates to retirees of the state’s public service.
The director general also lauded the support the Commissioner for Establishment, Training and Pensions, Mrs Ajibola Ponnle and the state’s approved Pension Fund Administrators (PFA).
He appreciated the efforts of the insurance companies at ensuring that all retirees in the state had unrestrained access to their pension benefits.
“I enjoin all our retirees to take very good care of themselves. I pray God grants you good health and peace of mind to enjoy your retirement.
“Please avoid irrelevant expenditure and beware of pension fraudsters,” he advised.
Nation
Firefighters battle New Year Day inferno in Abuja, several states
Nation
Enugu North LG chairman presents ?10.8bn 2026 Budget, prioritises roads …Security, Healthcare, Human Capital Development
Nation
Christians Convert To Islam or die As ISWAP burns down Christian village
-
Featured4 days agoFubara Redeploys Green As Commissioner For Justice
-
Politics2 days agoYou Have No Power To Drop Me, Ekiti PDP Candidate Tells INEC
-
Sports2 days agoAFCON ’25: Osimhen Not Worried By Yekini Comparison, Pressure
-
Business2 days agoKALCCIMA PROMISES KALABARI ECONOMIC GROWTH, INAUGURATES NEW EXECUTIVES
-
Sports2 days agoOgoni Nation Cup : Coach Praise Players In spite 2-0 Loss
-
Sports2 days agoRemo Stars set for Ikenne return
-
Sports2 days agoChelsea Set To Part Ways With Maresca?
-
Sports2 days agoSoname Calls For NPFL referees demotion
