The Lagos State Government has paid over N1 billion as accrued pension rights to 219 retirees in the state’s public service for the month of September.
Director-General, Lagos State Pension Commission (LASPEC), Mr. Babalola Obilana, in a statement, on Friday, said the beneficiaries received their bonds at the 79th batch retirement bond presentation in Lagos.
Obilana advised the retirees to understand the available pension programme options — the programmed withdrawal and life annuity — for their pension entitlements and choose the preferable one.
He urged the pensioners to be prudent in spending and also notified them that the commission had started attending to retirees’ complaints and enquiries between 10am and 1pm daily.
Reacting, Mrs. Toyin Awoseyi, a former Permanent Secretary of the Teaching Service Commission (TESCOM), appreciated the administration of Governor Sanwo-Olu on behalf of other retirees.
Awoseyi also commended the management and staff of LASPEC for their proactiveness and efficiency in the delivery of their duties.