Connect with us

    Hi, what are you looking for?

    News

    Lagos pays N50.7bn to retirees in 4 years

    SANWO-OLU, Governor of Lagos

    Lagos State Government on Thursday said it had paid over N50.7 billion to 13,928 retirees, from 2019 till date.

    The Commissioner for Establishments, Training and Pensions, Mrs Ajibola Ponnle, made this known during the 100th Retirement Bond Certificate Presentation Ceremony, organised by the Lagos State Pensions Commission at Ikeja.

    Ponnle, who was represented by the Permanent Secretary, Office of Establishments and Training, Mr Olawale Musa, said that the payments were made to retirees in the mainstream, local government, State Universal Board, Teaching Service Commission and other state parastatals.

    She also said that the state government had paid accrued pension rights of N5 billion into the Retirement Savings Accounts of 1,768 retirees, alongside their monthly contributions.

    According to her, the present administration has been consistent in the payment of pension obligations to its retirees, thereby, maintaining leading role in the administration of the Contributory Pension Scheme.

    Ponnle said the Bond Certificates presentation ceremony was a testament to the state government’s faithfulness in the performance of its obligations to retirees.

    She said that the government was grateful for the diligence and commitment of the retirees while in active service.

    Ponnle added that it was the recognition of the need to protect their retirement benefits that informed the implementation of the Contributory Pension Scheme.

    She said that the present administration was currently working on some reforms, based on global best practices, to reduce post-retirement financial difficulties.

    The commissioner said that the state government was committed to building an environment that remained safe and secure for all residents.

    Ponnle also said that the state government would continue to raise the bar of governance to improve the livelihood of all residents. (NAN)

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Oil and Gas

    Leading oil and gas experts in Nigeria have called for the full adoption of digital technologies to overcome the complex challenges facing the country’s...

    News

    Russia’s Finance Ministry announced on Wednesday, September 24, that it plans to raise the country’s value-added tax (VAT) to help finance the ongoing war...

    Tech

    Lagos State has reaffirmed its position as Africa’s leading technology and innovation hub following the successful hosting of the GITEX Nigeria Tech Expo, Future...

    News

    The United States has reversed its visa restrictions on Ghana after the West African country agreed to accept west Africans deported by the United...