Modupe Gbadeyanka
By Modupe Gbadeyanka
Another set of 148 retirees in drawn from the Mainstream Civil Service, Local Governments and State Universal Basic Education Board (SUBEB), Teachers Establishments and Pensions Office (TEPO) and other parastatals of government have been paid the sum of N597 million by Lagos State.
The money paid to the retirees was the amount being accrued pension rights credited into their Retirement Savings Account.
The payment has summed the amount paid by the administration of Mr Akinwunmi Ambode to N24.426 billion as accrued pension rights to 5,668 retirees under the Contributory Pension Scheme, since August, 2015.
Speaking at the presentation of Retirement Benefit Bond Certificates to the 35th batch of Contributory Pension Scheme retirees, on Wednesday at NECA House, CBD, Ikeja, Lagos, the Director-General, Mrs Folashade Onanuga reiterated the Governor’s desire to see retirees enjoy their lives out of office without stress.
While advising them to be extremely careful so as not to fall victims of scammers with their benefits, she informed the retirees that the option for those that would prefer Life Annuity services is now available as against Programmed Withdrawal benefit that was only obtainable in the last two months,
The retirees appreciated the Governor for his continuity on payment of accrued Pension Rights and prayed for the management of Lagos State Pension Commission (LASPEC).
