Lagos pays N1.63b to 321 retirees in December


The Lagos State Government (LASG) on Friday said it had credited the Retirement Savings Accounts (RSAs) of 321 retirees with the sum of N1.63 billion for December.

The Commissioner for Establishment, Training and Pensions, Mrs Ajibola Ponnle, said this at the 70th Batch Retirement Benefit Bond Certificate presentation to some of the retirees in the state.

Ponnle said that the state government was committed to ensuring that retirees get paid their terminal entitlements as and when due.

She said that since the inception of the Contributory Pension Scheme( CPS) in the country, Lagos State has continued to be in the forefront of ensuring an efficient and effective pension scheme administration.

“While salaries of active workers state wide are paid monthly, contributions into the RSAs of employees are also religiously remitted.

“We are very resolute to forging ahead with the Contributory Pension Scheme.

“The scheme is sustainable as it meets the challenges of the past pension…



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