
Lagos State Government has paid N1.5 billion pension entitlement for the month of October, 2016, to 333 retirees in the state.
The
beneficiaries are retirees from the Mainstream Civil Service, Local
Governments, and State Universal Basic Education Board (SUBEB), Teachers
Establishment and Pensions Office (TEPO) and other parastatals of state
government.
The Director-General, Lagos State Pension Commission
(LASPEC), Mrs. Folashade Onanuga, while addressing the beneficiaries in
Alausa, Ikeja, Lagos, said since monthly payment of accrued pension
rights started in August, 2015, the Governor Akinwunmi Ambode-led
government has paid N20. 98 billion to 4,799 retirees under the
Contributory Pension Scheme (CPS) in the last 15 months.
She
stated that the payment of accrued pension rights is structured in such a
way that one does not need to know anyone before he or she could be
paid.
She also advised them to put their money in ventures they can manage, and not one that will put their health in jeopardy.
Apart
from paying the entitlements of the retirees, she said the Governor
Ambode is also very much interested in the well-being of the retirees,
and hence a day for retirees’ interaction with the governor will be
held soon.
This forum tagged ‘Retirees Day-Out with His
Excellency’, according to her, will be the first of its kind in Lagos
State as it would be the first outing to take place early in the new
year.
“It is a sort of feedback mechanism that affords the
retirees opportunity to let government know their challenges and how the
State government could intervene to assist retirees whenever they felt
cheated by their Pension Fund Administrators (PFAs) and Annuity Service
providers,” she pointed out.