The Lagos State Government has issued retirement benefit bond certificates for a total sum of N1.08bn to 260 retirees.
A statement said the beneficiaries were
from local governments, the State Universal Basic Education Board,
Teachers’ Establishment and Pension Office and parastatals of
government, under the Contributory Pension Scheme for the month of
April.
According to the statement obtained from
the Lagos State Pension Commission, the fact that this administration
has been able to maintain the trend of paying terminal entitlements of
retired employees monthly since it started in August, 2015 is highly
commendable.
“This payment has brought the number of
retirees paid between August 2015 and April, 2016 to 3,069. The total
accrued rights paid by the state government from the aforementioned
month to date is N13.7bn,” it started.
During the presentation of the 26th
retirement benefit bond presentation at LASPEC office recently, LASPEC
stated that the Director-General, Mrs. Folasade Onanuga, advised the
retirees to carefully take decisions on how the funds would be utilised.
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