The Lagos State Government has paid N1.5 billion accrued pensions rights to 482 retirees for the month of May.
The Commissioner for Establishments, Training and Pensions, Mrs. Ajibola Ponnle made this known at the 94th Retirement Bond Certificate presentation to retirees of the Lagos State Public Service on Monday in Lagos.
Ponnle, represented by the Permanent Secretary of the ministry, Dr. Biodun Onayele, stated that Lagos State reiterated the state’s commitment to the payment of retirees’ benefits.
“Governor Babajide Sanwo-Olu has been a consistent high flyer in the pension industry with over N40.5 billion paid to 10,862 retirees.
Oyetola releases N1.1bn for payment of pension
“The retirees are in the Mainstream, Local Government, the State Universal Basic Board (SUBEB), Teaching Service Commission (TESCOM) and other parastatals of the state government from May 2019 till date.
“His vision is to have a dynamic, efficient and effective workforce to pilot the agenda of a ‘Greater Lagos.
“The safe retirement and welfare of our officers is a major priority in actualising this goal,” she said.
The commissioner advised retirees to learn about the different options available for investing the funds in their retirement accounts.
Ponnle urged them to seek competent and reliable authorities on matters concerning pensions.
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