Lagos to pay retirees’ pension under CPS The administration of His Excellency, Mr. Babatunde Raji Fashola (SAN), Governor of Lagos State, will pay the accrued retirement benefits of another batch of employees who retired from the State Public Service under the Contributory Pension Scheme next week Wednesday 12th February, 2014. Director-General, Lagos State Pension Commission… continue reading →

Governor of  Lagos State, Mr. Babatunde, Raji Fashola (3rd left), Hon. Commissioner for Estab, Training and Pension, Mrs. Florence Oguntuase(2nd Left), DG. LASPEC, Mr. Rotimi Adekunle Hussain(3rd right), ED. F&I, Dr. Adekunle Wright(2nd Left), PS, CSPO, Mrs. Folasade Adesoye(1st right) and ED. Technical, Mrs. Folashade Onanuga(1st left) during the best state in pension administration award presentation at the Banquet Hall, Aso Rock Villa, Abuja.

Lagos wins gold award at World Pension Summit

                            President Goodluck Ebele Jonathan (GCFR) has awarded a gold trophy to the Lagos State Government for emerging the best State out of the 36 States of the Federation to fully adopt and implemented the Contributory Pension Scheme in compliance with the… continue reading →

L-R: Permanent secretary, Teachers’ Establishment and Pensions Office, Mr. Nurudeen Ojora; Head of Service, Mrs. Josephine Williams; commissioner for Establishments, Training and Pensions, Mrs. Florence Oguntuase and Director-general, Lagos State Pension Commission, Mr. Rotimi Hussain, during the seventh pre-Retirement Seminar organized by LASPEC in Lagos

LASPEC prepares civil servants for retirement under CPS

The Lagos State Pension Commission in its usual tradition of adequately preparing employees in the State Public Service towards their retirement is organizing a Pre-Retirement Seminar for over One Thousand workers, who are statutorily retiring from the service between January and June, 2015.   Director-General, Lagos State Pension Commission, Mr. Rotimi Adekunle Hussain who disclosed… continue reading →


LASPEC prepares civil servants for retirement under CPS

Over One Thousand employees in the Ministries, Departments and Agencies (MDAs) as well as Local Government employees, who are retiring from the Lagos State Public Service between July and December, 2015 will undergo a one-day seminar to prepare them for retirement under the Contributory Pension Scheme.   This was revealed by the Director-General, Lagos State… continue reading →


Pension and Insurance Stakeholders commend Fashola

The out-going administration of Governor of Lagos State, Mr.Babatunde Raji Fashola, SAN has been commended for exhibiting unparalleled and unequalled commitment to the Contributory Pension Scheme amongst the States in Nigeria.   This commendation was given today on behalf of Stakeholders in the Pension and Insurance industry, by the Director-General, Lagos State Pension Commission, Mr…. continue reading →

L-R: Executive Director, Technical, Lagos State Pension Commission, Mrs. Folashade Onanuga; Board Chairman, Mr. Wahab Dabiri; Director-General, Mr. Rotimi Hussain and Executive Director, Finance & Investment, Dr. Adekunle Wright, during the 15th Retirement Bond Certificate presentation ceremony in Lagos.


Lagos retirees to get N1.5bn under CPS In a clear affirmation of its commitment to the welfare of its workforce, as well as ensuring that they have a better and fulfilling life after retirement, the Lagos State Government will be paying another set of 234 retirees under the Contributory Pension Scheme, a sum of N1,547,072,068.70K… continue reading →

Contributory Pension Scheme Is Ideal

FEATURES OF THE CONTRIBUTORY PENSION SCHEME: There are three main objectives of the contributory pension scheme and these are: To ensure that retirement benefits are as and at when due To assist improvident employees to save towards their retirement To establish uniform set of rules for pension administration in the whole of Nigeria. In essence… continue reading →

5th Pre-Retirement Seminar

3,900 retirees paid N21.492bn in Lagos State A total number of 3,900 retirees are presently enjoying their retirement benefits under the Contributory Pension Scheme, even as the Lagos State Government had credited their Retirement Savings Account (RSA) with a sum of N21, 492,107,232.77k (Twenty-One Billion, Four Hundred and Ninety-Two Million, One Hundred and Seven Thousand,… continue reading →

L-R: A retiree, Mrs. Florence Olatunji; Executive Director, Finance and Investment, Lagos State Pension Commission, Dr. Adekunle Wright; Director-General, Mr. Adekunle Hussain; and Executive Director, Technical, Mrs. Folashade Onanuga, during the presentation of bond certificates to the retirees in Lagos recently...Photo:LASPEC

Lagos pays 4,636 retirees N24.42bn under CPS

The administration of Lagos State Governor, Mr. Babatunde Raji Fashola (SAN) has grown its stake in the administration of the Contributory Pension Scheme in Nigeria, having so far paid the sum of N24,429,829,010.60K (Twenty-Four Billion, Four Hundred and Twenty-Nine Million, Eight Hundred and Twenty-Nine Thousand, Ten Naira, Sixty kobo only) to 4,636 retirees who retired… continue reading →

Pre-Retirement/Retirement Documentation

DOCUMENTATION TO LASPEC: It is expected that you commence the process of your retirement 6 months before your exit with a notice of your impending retirement to your employer. The LASPEC form will be given to you for completion if you are a state or Local Government employee. Clearance form will be obtained from you… continue reading →