He urged the state’s civil servants to begin their documentation process at least six months before retirement.
The Lagos government said it paid another set of 1,455 retirees N4.48 billion on Thursday as accrued pensions disbursed for March.
He, however, stressed the importance of proper financial planning and management during retirement.
He extended his gratitude to the retirees for years of service invested in the state.
He advised the retirees to be prudent with their money and carefully choose investment options.
The welfare packages are yet to be implemented due to several processes required for negotiations and agreement with relevant transportation agencies.
The free transportation and healthcare offerings is for Lagos retirees above 60 years of age.
The accrued pension benefits of about N1.3 billion is for the month of September.
