Lagos pledges seamless Pension Processing for intending retirees

laspec

LASPEC is the Lagos State Pension Commission established by the Lagos State Contributory Pension Scheme law 2007 as a corporate entity to regulate, supervise and ensure the effective administration of pension matters in the Lagos State Public Service.

10th October, 2025

The Lagos State Government has issued a firm assurance to its public servants nearing retirement, pledging “prompt processing and remittance” of their retirement benefits provided their documentation is in order.

The government spoke during the 29th Retirement Benefit Documentation Seminar held on Friday, 10 October 2025, at the Adeyemi Bero Auditorium, Alausa, Ikeja.

Delivering his goodwill message, the Head of Service, Bode Agoro, commended the Lagos State Pension Commission ( LASPEC) for its dedication to ensuring a seamless retirement process for officers exiting the public service.

He applauded the agency’s consistency in organising the seminars, describing it as a demonstration of the State’s “commitment to supporting its workforce through every stage of their service journey.”

Agoro noted that the seminar, third of its kind in 2025, was designed to equip retiring officers with essential knowledge on documentation, pension administration, and financial readiness.

“It is of utmost importance that retiring officers take advantage of this seminar by listening attentively and asking relevant questions that will simplify the process of remitting their retirement benefits without delay,” he said.

He reassured participants that Governor Babajide Sanwo-Olu’s administration remains steadfast in guaranteeing prompt processing and remittance of benefits once documentation is complete.

“Be assured that the Administration of Mr. Babajide Sanwo-Olu is steadfast in its unwavering commitment to guaranteeing your welfare and well-being, even after retirement,” Agoro stated.

In his address, LASPEC’s Director-General, Babalola Obilana, described the seminar as part of ongoing efforts to prepare officers retiring between January and June 2026 for a smooth transition into post-service life.

“This forum has been specially convened to prepare officers for the journey ahead, ensuring their transition from active service into retirement is carried out with clarity, dignity, and peace of mind,” he said.

Obilana underscored the importance of proactive planning, financial discipline, and emotional preparedness, urging participants to approach retirement with optimism.

“Retirement is not a period to fear or dread. Rather, it is a season to celebrate, a time to redirect your energy towards pursuits that bring joy, fulfilment and impact,” he said.

He added that the Sanwo-Olu administration has consistently demonstrated its commitment to the welfare of its workforce through reforms that ensure transparency and efficiency in pension administration.

The seminar featured sessions led by pension experts, annuity service providers, and financial advisers, covering topics such as pension documentation, healthcare management, and legal considerations

Obilana commended the LASPEC team and partners for their dedication in organising the forum, reaffirming that every retiring officer would be supported to “retire with dignity, pride, and the assurance that their welfare is safeguarded.”

The event brought together top government officials, including Permanent Secretaries, directors, Pension Fund Administrators, and hundreds of prospective retirees who expressed appreciation for the State Government’s continued prioritisation of their post-service welfare.

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