Lagos pays N801 million to 179 retirees

Lagos state government has paid N801million to another set of 179 retirees, as accrued pension rights for the month of February 2017.

Vicnuel observed that civil service, local government, state universal basic education board, teacher’s establishment pensions office and other parastatals of government were the beneficiaries of the gesture.

These government agencies expressed gratitude to the state government for its consistency in the payment of terminal benefits.

Mrs. Folashade Onanuga, speaking during the 36^th retirement benefit bond certificate presentation ceremony held Tuesday at NECA House, Ikeja, Lagos, south-west Nigeria congratulated the beneficiaries and implored them to use it judiciously.

According to her, “the current recession made it mandatory for individuals to be prudent and enjoined them to adjust their lifestyle to the economic realities.”

Her words: “This is the evening season of your life and it is expedient to manage your level of expenditure so as to reduce the stress that can hamper your health. Most importantly, be contented and avoid quick gains as many schemes designed to empower you are actually traps to deprive you of what you laboured for.”

“This administration is very much interested in your well-being and as such, the commission intends to keep in touch with you often in order to get feedback on your lives out of office and how the state could be of help”, she added.

Olawale Otun, head technical department for LASPEC also educated the retirees on the importance of writing will and on how to process their retirement benefit bond certificates and the two exit options available to them.