Lagos Retirees get N801 million

Director General, LASPEC(Left) presenting bond certificate to  Dr. Mrs Ibironke Shodeinde(PS, Primary Health care board)
Director General, LASPEC(Left) presenting bond certificate to Dr. Mrs Ibironke Shodeinde(PS, Primary Health care board)

                     

The Lagos State Governor, Mr. Akinwunmi Ambode has not derailed in his promise to give priority to the issue of payment of retirees’ entitlements. Another set of 179 retirees received accrued Pension rights for a total sum of N801 million for the month of February, 2017.

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.

Speaking at the 36th Retirement Benefit Bond Certificate Presentation Ceremony, held on Monday 27th February, 2017, at the Office Complex, NECA House, CBD, Ikeja, the Director-General – LASPEC, Mrs. Folashade Onanuga congratulated the beneficiaries and implored them not to engage in frivolities. She added that, the Economy is in recession and that they needed to be very prudent, and adjust their lifestyle to the economic realities of the recent time. She 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 this Administration is very much interested in retirees’ well–being and as such the Commission will still keep in touch with the retirees to get feedback on their lives out of office and how the State could help.

She stated that there are other packages in the pipeline to make sure they live comfortably well in retirement.

The Head of Department – Technical, Mr. Olawale Otun was also quick to educate the retirees on the importance of “Will writing” while giving a talk on how to process their Retirement Benefit Bond Certificates and the two exit options available to them.

Lawal, B. A. (Mrs.)

Public Affairs Unit