LASG admits paying retirees N801 million in February

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The Lagos State Pension Commission said that 179 retirees received accrued pension rights of N801m in February.

According to a statement obtained from the commission, this shows that Lagos State had continued to give priority to the issue of payment of retirees’ entitlements.

“The beneficiaries from the Mainstream Civil Service, Local Government and State Universal Basic Education Board, Teachers Establishment Pensions Office and other Parastatals of Government were full of joy and thanks to the government for the consistency in payment of terminal benefits,” it stated.

The Director-General, LASPEC, Mrs. Folashade Onanuga, congratulated the beneficiaries during the 36th retirement benefit bond certificate presentation ceremony in Lagos and implored them not to engage in frivolities.

She noted that the economy was in recession and that they needed to be prudent and adjust their lifestyles to the economic realities.

Onanuga said, “This is the evening season of your life and it is expedient to manage your level of expenditure so as to reduce stress that can hamper your health. Most importantly, be contended and do not seek quick gains as many schemes designed to empower you are actually traps to deprive you of what you laboured for.”

She reiterated that the administration was interested in the state’s retirees’ well-being, adding that the commission would still keep in touch with the retirees to get feedback on their lives out of office and how the state could help.

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