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Lagos reiterates commitment to retiring employees

17 November 2015, 08:38Augustine Osayande

Abuja - The Lagos State Government announced it had paid N41 billion as pension arrears to over 9 000 beneficiaries since assuming office earlier this year.

Commissioner for Establishments, Training and Pensions, Benson Oke Akintola, disclosed the figures during a pre-retirement seminar for employees due to retire from the state public service between January and June 2016.

Akintola said the state government would continue to cater for the well-being and welfare of all staff in spite of limited available resources.

“Prompt payment of monthly salaries and allowances of all active workers by the Lagos State Government will continue to be our focus,” Akintola said.

The Director General of the State Pension Board, Folashade Onanuga, disclosed that over 9 000 retirees contributions had been credited into active employees Retirement Savings Accounts.

Also Read: 5 things you may not want to hear about your RA (Part 2)

This is managed by the Pension Fund Administrators, approved by the State Government.

Onanuga added that the State Government had paid over N100 billion into the employees Pension fund.

She described the act as a landmark achievement which also spoke volumes of the premium the state placed on the welfare of her staff.

“Despite the fact that the State Government’s accrued pension rights obligation is huge, it is determined to give retirees comfort and ensure they are well taken care of,” Onanuga said.

She added that the state government was set to pay another N1,6 billion to another set of retirees this month.

Onanuga also revealed the state government’s plan to continue to provide free health care service for retirees in recognition of their contributions to the state. 

- CAJ News


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