287 retirees will receive N1 billion in pension funds from LASG.

0
303
287 retirees will receive N1 billion in pension funds from LASG.

287 Lagos State retirees have received N1 billion in their retirement savings accounts, according to the Lagos State Government (RSA).
The Director-General of the Lagos State Pension Commission, Babalola Obilana, revealed this at the 86th bond presentation ceremony in Lagos. He claimed that the gesture was in keeping with the government’s goal of providing assistance to retirees.

While reiterating the state government’s commitment to the welfare of its retirees, he stated that the contributory pension scheme would be implemented in accordance with the provisions of the state’s amended pension law.

Read also: Group hold a rally in support of Kanu, Igboho

The payments on the bond certificates, according to Obilana, were based on their previous service benefits prior to the start of the Contributory Pension Scheme in 2007.

He applauded the state government’s efforts to pay the contributory pension.

“The Babajide Sanwo-Olu administration’s efforts to make the contributory pension scheme a success cannot be overstated. “Continuous monthly payments have been prioritized by the state government to ensure retirees have access to their retirement bond benefits,” he said.

Get every Post-UTM, Admission, List, JAMB, WAEC, NECO, and Schools Resumption Date, Breaking News on your WhatsApp Status Now - To join, click the links below.
Join Television Nigerian Whatsapp Now
Join Television Nigerian Facebook Now
Join Television Nigerian Twitter Now
Join Television Nigerian YouTUbe Now
Previous articleDespite N1.5 trillion in funding, power companies unable to meet demand
Next articleN100 billion in FDI into the insurance sector benefits over 20 companies

LEAVE A REPLY

Please enter your comment!
Please enter your name here