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Lagos settles N720m accrued pension right

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Honourable Commissioner of Establishment, Training and Pension, Lagos State. Dr. Akintola Benson-Oke


The Lagos State Government has delighted retirees from the state’s public service with the release of N720.445 million into the Retirement Savings Accounts (RSA) of 190 Contributory Pension Scheme retirees in the month of August 2018.

Addressing the retirees at the 54th Retirement Benefit Bond Certificate Presentation at Ikeja, Lagos, the Commissioner for Establishment, Training and Pensions, Dr. Akintola Benson Oke, said that 9,591 retirees have had accrued rights of N39.45 billion paid into their Retirement Savings Accounts in the last 36 months- August 2015 – August 2018.

Akintola said that pensioners have remained on the payroll priority of the state government monthly and that the state is happy that it had cleared the backlog, which was on ground at the beginning of the administration of Governor Akinwunmi Ambode.

Speaking earlier, the Director-General of the Lagos State Pension Commission (LASPEC), Mrs. Folasade Onanuga, expressed gratitude to the retirees for their contributions in the development of the state, assuring them of the governor’s commitment to their welfare. She advised the retirees to spend wisely in retirement, saying: “Any project you know you cannot finish, don’t put your money into it.”The retirees in their responses thanked the LASPEC for operational effectiveness and efficiency in the past years and implored the workers to keep up the good work.


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Akintola Benson OkeLASPEC
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