By The Lagos State Government, on Thursday, disclosed the state has paid over N25 billion into the Retirement Savings Accounts (RSAs) of 5,819 retirees, under his leadership of Governor Babajide Sanwo-Olu.
The governor, who was represented by Chairman, Lagos State Civil Service Commission, Mrs. Olubunmi Fabanwo, spoke at the 81st Retirement Bond Certificate presentation to 471 retirees of the state public service in Lagos.
Sanwo-Olu explained the retirees in the state, in the last 18 months of his his administration, have been getting their retirement benefits as at when due.
“I am happy to report that 5,819 retirees are enjoying their retirement benefits under the Contributory Pension Scheme (CPS) in the past 18 months of my administration. It is gratifying to note that since the advent of this administration, the state government has paid N25.6 billion into the Retirement Savings Account (RSA) of the state’s retirees,” he said.
The governor said the retiring officers in the state should look forward to spending their retirement with joy, reiterating the commitment of the State, through the Lagos State Pension Commission (LASPEC), to ensure that their statutory benefits are remitted.
“We have also remitted over N2 billion into the respective RSA’s of 471 retirees through the Pension Fund Administrator (PFA) for the month of December. With such commitment and performance, it was not surprising that retiring officers in the state now look forward to retirement with more confidence and joy.
“The state has continued to be the leading light, not only in the administration of pension benefits but generally in good credible governance. Let me assure you that the state government through the Lagos State Pension Commission (LASPEC) will continue to ensure that public service retirees not only get what is due to them statutorily.”
