LASPEC pays N21.93 billion accrued pension in 16 months
The Lagos State Pension Commission (LASPEC) has paid N21.93 billion as pension accrued rights to 5,027 retirees in the last 16 months, its Director-General, Folashade Onanuga, has said.
She made this reports known at the 11th Retirement Benefit Documentation Seminar organised by the commission in Lagos.
She reiterated Governor Akinwunmi Ambode’s administration’s committment to regular funding of employees’ Retirement Savings Accounts (RSAs).
She said: “Lagos State is up to date in the remittance of contributions into employees’ RSA, adding that the state has also not reneged in funding of retirement benefit redemption fund and pension sinking fund accounts. Pension bailout funds have also been provided to ensure consistency in payment of terminal dues.
“We will like workers in the state to know that the commission is committed to their wellbeing and it has the commitment of the Governor, the state executive council, legislators and the Ministry of Establishments, Training and Pensions to the funding of the pension obligations.”
Commissioner for Establishments, Training and Pensions Lagos State, Dr. Benson Akintola, said the state would sustain the height it has reached as the leading light in pension affairs.
According to him, the state is looking at how to commence the implementation of the Pension Reform Act 2014, especially in the area of 18 per cent contributions for workers.
The state Acting Head of Service, Folasade Adesoye, further urged workers to reciprocate government’s gesture by being committed to their responsibilities.
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