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

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.

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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.

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