The Lagos State Authorities has credited N466.855m to the Retirement Financial savings Accounts of 187 of its retirees, together with these of the State Common Fundamental Schooling Board (SUBEB), beneath the Contributory Pension Scheme for the month of July 2018.
The State Commissioner for Institutions, Coaching and Pensions, Akintola Benson-Oke, who disclosed this not too long ago, acknowledged that regardless of the shortage of funds, Governor Akinwunmi Ambode prioritises the cost of pensioners by ensuring funds are launched each month for cost of their entitlements.
He mentioned the current administration had to this point paid greater than N38.5 billion to 9,401 retirees.
The Director-Normal, LASPEC, Mrs. Folasade Onanuga in her welcome tackle mentioned that the Lagos State Authorities will proceed to play the ‘mother-hen’ function, by guaranteeing the common cost of pension advantages to retirees as at when due.
Onanuga used the chance to advise retirees on the significance of placing their homes to ensure that any eventuality by ensuring they write their WILL while they’re nonetheless lively, imploring them to even be lively in retirement, to maintain their good well being.