Lagos Releases N582.195m To Pay 109 Pensioners

LASPEC DG, Folashade Onanuga

The Lagos State Governor, Mr. Akinwunmi Ambode has released the sum of N582. 195 million to pay 109 retirees’ entitlements for the month of March, 2017.

The State Government, through Lagos Pension Commission, LASPEC has since the beginning of this administration paid 5,956 retirees from the Mainstream Civil Service, Local Government and State Universal Basic Education Board, Teachers Establishment Pensions Office and other Parastatals of Government.

The Director- General, LASPEC, Mrs. Folashade Onanuga while congratulating the retirees at the 37th Retirement Benefit Bond Certificate Presentation Ceremony, held on Wednesday at the NECA House, Ikeja, said that the Contributory Pension Scheme (CPS) would be 10 years in Lagos State in April, 2017 and that some activities had been lined up to commemorate a decade of the CPS in Lagos State.

The Assistant Director, Technical, Mr. Olawale Otun took the retirees through on the benefit options available under the Contributory Pension Scheme.