ADVERTISEMENT

Lagos state governor clears N37.546bn pension arrears

According to a statement signed by the Director-General of LASPEC, Mrs Folashade Onanuga, on Sunday in Lagos, the figure represented the total pension paid to 9,045 retirees of the state.

According to a statement signed by the Director-General of LASPEC, Mrs Folashade Onanuga, on Sunday in Lagos, the figure represented the total pension paid to 9,045 retirees of the state.

The LASPEC Director-General said the governor released N859, 059 million to offset the Accrued Pension Rights of 158 retirees under the Contributory Pension Scheme (CPS) in May.

She said earlier N859, 059 million was paid to 158 Public Service retirees, bringing the total pension paid by the governor since assumption of office to N37, 546 billion.

ADVERTISEMENT

She explained the governor had been releasing funds every month to off-set the backlog of pension to Lagos retirees.

She said despite the high funding obligations of the current pension scheme, the government was committed to offsetting the backlog of pension, and would soon commence payment to 2016 retirees.

Onanuga said the government was fine-tuning the process of rolling out benefits that would make life easier 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 said.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

You make bold decisions & live with consequences - Ondo Gov hails Tinubu at 72

You make bold decisions & live with consequences - Ondo Gov hails Tinubu at 72

170 electrical vandalism cases in 2 years, 100 charged to court - EEDC

170 electrical vandalism cases in 2 years, 100 charged to court - EEDC

Dr Bello appointed chairman of Code of Conduct Bureau (CCB) by Tinubu

Dr Bello appointed chairman of Code of Conduct Bureau (CCB) by Tinubu

Don't curse, condemn Nigeria in your sermons - Tinubu tells clerics

Don't curse, condemn Nigeria in your sermons - Tinubu tells clerics

Lagos postpones eagerly anticipated Easter boat regatta indefinitely

Lagos postpones eagerly anticipated Easter boat regatta indefinitely

Third Mainland Bridge reopens in 1 week, formal ceremony later - Minister

Third Mainland Bridge reopens in 1 week, formal ceremony later - Minister

Sanwo-Olu opens 'Sunday market' on Good Friday for Easter shopping

Sanwo-Olu opens 'Sunday market' on Good Friday for Easter shopping

Wike thanks Tinubu for the opportunity to serve

Wike thanks Tinubu for the opportunity to serve

Barrister Bida pens special birthday prayer for President Tinubu, Nigerians

Barrister Bida pens special birthday prayer for President Tinubu, Nigerians

Pulse Sports

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

Michelle Alozie: I had to do it because of African referees

Michelle Alozie: I had to do it because of African referees

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

ADVERTISEMENT
ADVERTISEMENT