Governor of Lagos State, Akinwunmi Ambode
The Lagos State Pension Commission (LASPEC) stated the state Governor Akinwunmi Ambode, has paid a whole of N37, 546 billion to pensioners since 2015.
As said by an assertion signed by the Director-General of LASPEC, Mrs Folashade Ouga, on Sunday in Lagos, the determine represented the full pension paid to 9,045 retirees of the state.
The LASPEC Director-General stated the governor launched N859, 059 million to offset the Accrued Pension Rights of 158 retirees beneath the Contributory Pension Scheme (CPS) in May.
She stated earlier N859, 059 million was paid to 158 Public Service retirees, bringing the full pension paid by the governor since assumption of workplace to N37, 546 billion.
She defined the governor had been releasing funds each month to off-set the backlog of pension to Lagos retirees.
She stated regardless of the excessive funding obligations of the present pension scheme, the federal government was dedicated to offsetting the backlog of pension, and would quickly begin cost to 2016 retirees.
As said by Ouga, the federal government was fine-tuning the method of rolling out advantages that may make life simpler for retirees.
“I, however, implore the retirees to study leaflets distributed by the state government on Annuity and Programmed Withdrawal for receipt of monthly pension entitlements, before picking their choice,” she stated