Governor of Lagos State, Akinwunmi Ambode
The Lagos state authorities on Monday acknowledged that retirees shall be paid their gratuities inside three months after retirement beneath the brand new regime.
The Director-General, Lagos State Pension Commission, Folashade Ouga, stated the brand new regime would quickly be inaugurated.
She suggested retiring employees within the state to review the 2 choices accessible to them at retirement rigorously earlier than making selections.
As acknowledged by her, the 2 choices are Programmed Withdrawal and Annuity.
“The Lagos State Government is working in direction of a three-month gratuity assortment regime.
“We are working towards a regime that all pensioners will be able to access their gratuities within three months after retirement,” she stated.
Ouga additionally stated the federal government was dedicated to the welfare of retirees as backlog of pensions had been cleared.
She stated, “The state Governor, Akinwunmi Ambode, is totally dedicated to retirees’ welfare as he's working in direction of clearing pension backlog the administration inherited beneath the outdated pension scheme often called the Defined Benefit Scheme earlier than the Contributory Pension Scheme was launched in 2004.
“He has cleared the pension backlog up till 2015. About N37bn has been released for 9,045 retirees since he assumed office.”