Payment of Pension Continues: Lagos Pays N649m to 119 Retirees

R-L: Mrs Folasade Onanuga(DG Laspec) Presenting Bond Certificate to a retiree
R-L: Mrs Folasade Onanuga(DG Laspec) Presenting Bond Certificate to a retiree

The Lagos State Pension Board in January, 2016 issued Retirement Benefit Bond Certificates for a total sum of N649m to 119 retirees from the Mainstream Service, Local Government, SUBEB, TEPO and Parastatals of Government. This brings the number of retirees paid so far between August 2015 to January 2016 to 2,409.

Total Accrued pension rights paid by the State Government from August 2015 to January, 2016 is N10. 652 billion. Accrued pension rights are gratuity and pension entitlements due to staff who transited to the contributory pension scheme but had served under the “Pay As You Go” Pension scheme dispensation.

Speaking at the 23rd Retirement Benefit Bond Certificate Presentation Ceremony which took place on Thursday & Friday, 28th to 29th January, 2016, the Director-General, LASPEB, Mrs Folashade Onanuga, whilst rejoicing with the beneficiaries reminded them to  take good care of their health and invest the money, they were about to collect wisely. She also advised, that the beneficiaries should be wary of fraudsters and not accept any business proposal they don’t understand. “If you cannot think of any business at the moment, keep your money in fixed deposit accounts with banks”, she admonished.

In appreciation, the retirees who were beaming with smiles and laughter thanked the Management and staff of the office for the warm reception accorded them each time they visit the Office and collectively prayed for the administration of Mr. Akinwunmi Ambode, who they described as being compassionate. “We would wish the kind gesture of paying pension monthly continues, so that it would come to the turns of other colleagues until everyone is cleared”, they said.

 

Lawal, B. A. (Mrs.)

Public Affairs Unit (LASPEB)