Lagos pays 291 retirees over N1.3 billion pension benefits
The Lagos State Government Tuesday said it had paid 291 retirees of the state’s public service N1.29 billion accrued pension rights for the month of September.
Director-General for the Lagos State Pension Commission (LASPEC), Babalola Obilana, announced this during the Retirement Bond Certificates Presentation to the 89th Batch Of Contributory Pension Scheme (CPS) retirees in Lagos.
Represented by LASPEC’s Executive Director, Finance and Investment, Olumuyiwa Oshin, the DG said the fund had been paid into the Retirement Savings Account (RSA) of the beneficiaries.
“This event has been put together to celebrate you our retirees and also present to you your retirement bond certificate, showing accrued pension rights due to you for the years spent in the service of Lagos State under the discontinued Defined Benefit Scheme (DBS),” he said.
Mr Obilana said one of the outcomes of the governor’s commitment was the regular issuance of the Retirement Benefit Bond Certificates to retirees of the state’s public service.
Commending Lagos for helping them process their pension, the retirees probed the workings of the Annuity and Programmed Withdrawal options for payment of their pensions.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
20 children killed in school bus crash in Uganda
A school bus carrying pupils veered off the road in eastern Uganda on Thursday, killing 20 schoolchildren and a teacher in Kapchorwa district.
Diaspora
Beyond Nollywood: List of Nigerian actors who light up Hollywood
Nigerian actors and actresses, whether born in the diaspora or raised abroad, have become household names in Hollywood.
Anti-Corruption
How Nigerians Anthony Ikenwe, Kevin Nwamma pulled off multimillion-pound crypto heist in UK, end in jail
Messrs Ikenwe, Nwamma and one other crook were living lavish lifestyles, buying cars, designer clothes, and Rolexes, and going on numerous luxury holidays.
Education
UNICEF praises Nigerian government for rescuing kidnapped Oriire schoolchildren
UNICEF has commended the Nigerian government for rescuing 39 abducted schoolchildren and five teachers in Oyo state.
States
Yobe governor to spend N73 billion on agric empowerment, other projects
The Yobe government has approved N73.3 billion for various projects and services in the state.
Showbiz
Five things Nigerians need to know about FG’s FreeTV
The federal government has launched FreeTV, a subscription-free digital television platform designed to expand access to television services for millions of Nigerians.
