Lagos State government paid N2.017 billion as retirement benefits to 644 of its retirees on Wednesday.

Director-general of Lagos State Pension Commission (LASPEC), Babalola Obilana, disclosed this at the 101st batch Retirement Bond Certificate presentation for retirees.

Mr Obilana said Wednesday’s payment represented the retirees’ past service benefits before the commencement of the Contributory Pension Scheme in 2007.

He noted that the event was organised to celebrate a significant milestone and exceptional retirees who had dedicated their time, energy and talents to the service of Lagos State.

“These retirement bond certificates symbolise more than just financial rewards; they represent the trust and confidence we have in our retirees.

“They are a testament to the lasting impact you have made just as your dedication has been the bedrock of the goal of a greater Lagos State,’’ Mr Obilana said.

In his remarks, Olawale Musa, permanent secretary, Lagos State Ministry of Establishments, Training and Pensions, lauded Governor Babajide Sanwo-Olu for prioritising the welfare of the public service workforce even in retirement.

He advised the retirees to be prudent with their money and carefully choose investment options.

He also admonished the retirees to feel free to contact LASPEC or the ministry for any pension-related information or further clarifications.

“I applaud our retirees for their exceptional contributions and unwavering dedication to the development of Lagos State and pray that their retirement be filled with joy, fulfilment and new experiences,’’ Mr Musa said.

(NAN)