The Lagos State Government has disbursed the sum of N1.181billion accrued pension rights into the Retirement Savings Accounts of another batch of 279 retirees of its Civil Service.
The Director-General, Lagos State Pension Commission (LASPEC) Mrs. Folashade Onanuga made the disclosure at the 68th Retirement Benefit Bond Certificate presentation ceremony held on Tuesday in Alausa, Ikeja.
She affirmed that the present administration is committed to the regular payment of retirees’ benefits to ensure that beneficiaries do not undergo financial pressure after meritorious service to the State.
Onanuga assured the retirees of the government’s interest in their wellbeing in old age, noting that the issue of backlog payments was being addressed as additional funds would soon be released in tranches for further payments.
