By Ezra Odogu
The Lagos State government said it has paid 288 retirees N1.62 billion for October.
The Director General of the Lagos State Pension Commission (LASPEC), Babalola Obilana, said this at the 97th Batch Retirement Bond Certificate Presentation for retirees from the Lagos State public service held on Friday.
He acknowledged that Lagos state had consistently prioritized pension contributions in compliance with the statutory requirements of the CPS and will offset the backlogs monthly.
Obilana hinted that the contributions of both employees and employers are remitted promptly into employees’ Retirement Savings Accounts (RSAs) after salaries are received
The DG also noted that the LASPEC constantly reviews its business processes to ensure first-class service delivery to the retirees to accomplish the governor’s goal of the immediate payment of pension entitlements upon retirement from public service.
“The commission also engages its stakeholders to ensure that the retiring officers who had devoted their work lives to the service of the state received the
best service possible,” says Obilana.
