Lagos pays Accrued Pension Rights of N892m to the 50th batch of Retirees under the CPS

Gov. Ambode




PRESS RELEASE—-In line with the trend of paying pension monthly, the Lagos state government has credited the sum of N892m into the Retirement savings accounts of 156 retirees.
The Governor, who was represented at the event on Monday 30th April 2018 by the Commissioner for Establishments, Training & Pensions, Dr. Akintola Benson Oke said that Pensioners are a vital part of this administration.
Speaking earlier during her welcome Address, the Director-General – LASPEC, Mrs. Folashade Onanuga implored the beneficiaries to carefully go through the handbills on Programmed withdrawal and Annuity options provided by the State government. She explained the new development in the Programmed Withdrawal Pension benefit option as it relates to Pension Enhancement for those who had been on a static Pension for a minimum of 5 years, and also the issue of minimum guaranteed pension.
The retirees appreciated His Excellency for his consistency and requested that the process of issuing them Identification Cards be fast tracked so as to give them access to other benefits such as health care services etc.


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