The government is committed to prioritizing the prompt payment of pensioners’ benefits | The Guardian Nigeria News
The Commissioner for Settlements, Training and Pensions, Ms Ajibola Ponnle, reassured pensioners that the state government would continue to lead the way in the timely payment of pensioners’ benefits.
Ponnle, who said this at the 92nd Retirement Bond Certificate Presentation Ceremony, said presenting the certificates to the retirees showed great commitment to serving the people of the state.
“The State Government recognizes the plight of our esteemed workers, who have served in the Lagos State Civil Service and the need to protect their financial security after service.
“This administration has always prioritized the timely payment of government pension obligations within the limited resources available. Despite huge liabilities, we have promptly paid monthly retiree pension entitlements under the Pay-As-You-Go Pension Scheme, while the Lagos State Pensions Commission (LASPEC) ensures the payment of accrued pension entitlements retirees under the contributory pension scheme, so that our retirees can access their Retirement Savings Accounts (RSAs) without delay,” she said.
The Commissioner added: “Under the administration of Mr. Babajide Sanwo-Olu, the Lagos State Government has once again faithfully honored its obligations as laid out in the amended Contributory Pension Scheme Act of the State. Lagos State, presenting bond certificates to the 92nd group of retirees from the state civil service.
“I am pleased to inform you that the Lagos State Government has paid over N38 billion as accrued pension entitlements to 9,865 retirees from Traditional Ministries, Local Councils, State Universal Basic Board (SUBEB ), the Teaching Service Commission (TESCOM) and other parastatals from May. 2019 to date.
“Additionally, the sum of N1,520b was credited this month to the retirement savings accounts of 515 pensioners alongside their monthly contributions. Let me assure you that Lagos State has not forgotten you. Your welfare and well-being is a top priority and the state government is relentless in its quest to improve your retirement life.