Afrigather …one other N4bn billed in March
Governor Babajide Sanwo-Olu of Lagos State has offered bond certificates valued at N3.1 billion to 1,013 retirees from the state public service.
The N3.1 billion cost, alongside the retirees’ month-to-month contributions, already remitted into their respective retirement financial savings accounts (RSAs), in keeping with Sanwo-Olu, is a testomony to his administration’s dedication to the welfare and well-being of retirees.
On the 103rd batch retirement bond certificates presentation occasion held in Ikeja, on Friday, the governor promised to pay one other N4 billion to a different set of retirees in March.
He stated the state authorities by way of the Lagos State Pension Fee was working to make sure that public service retirees not solely get what is because of them statutorily but in addition proceed to obtain, by way of different companies and programmes, extra assist and help that can add worth to their lives in retirement.
“At the moment’s occasion is a continued affirmation of the dedication of the state authorities to the welfare of its workforce, each energetic and post-service,” he stated, including that the state authorities for the reason that inception of the contributory pension scheme has paid N138bn to 34,178 retirees.
“For the reason that inception of my administration, we now have paid a sum of N56.55bn into the RSAs of 16,026 retirees within the mainstream, native authorities, state common fundamental board (SUBEB), instructing service fee (TESCOM) and different parastatals of the state authorities.
“As of right now, my administration would have coated almost half of the entire funds made by earlier administrations for the reason that inception of the contributory pension scheme in Lagos State. Whereas we acknowledge the backlog within the cost of accrued rights, our consideration is targeted on systematically eliminating this backlog.
“I’m happy to announce that we now have made substantial progress on this regard and I’m assured that earlier than the top of my tenure, our aspiration for a “Pay as you go” mannequin can be realised,” Sanwo-Olu stated.
Babalola Obilana, the director-general of the Lagos State Pension Fee, counseled the retirees for his or her providers to Lagos State and suggested them to make use of their pensions judiciously.
Mariam Adetokunbo Eko, one of many retirees, praised the state authorities for prioritising pensioners’ welfare.
