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Sunday, 12 March 2017

Lagos pays N801m to 179 retirees

Governor Akinwunmi Ambode

Lagos State Governor, Akinwunmi Ambode, has paid the sum of N801 million as accrued pension rights to 179 retirees from the Mainstream Civil Service, Local Governments and State Universal Basic Education Board, Teachers Establishments and Pensions Office and other parastatals in February, 2017.

Speaking during the 36th Retirement Benefit Bond Certificate presentation ceremony in Lagos, the Director-General, LASPEC, Folashade Onanuga congratulated the beneficiaries and implored them not to engage in frivolities.

She stressed that the economy is in recession and that they needed to be very prudent, and adjust their lifestyle to the economic realities of the current time.

According to her, “this is the evening season of your life and it is expedient to manage your level of expenditure so as to reduce stress that can hamper your health. Most importantly, be contended and do not seek quick gains as many schemes designed to empower you are actually traps to deprive you of what you laboured for.”

She reiterated that this administration is very much interested in retirees’ well-being, and as such; the Commission will still keep in touch with the retirees to get feedback on their lives out of office and how the State could help.

The DG stated that there are other packages in the pipeline to make sure they live comfortably well in retirement.Also, the Head of Department, Technical, Olawale Otun, was also quick to educate the retirees on the importance of “Will writing” while giving a talk on how to process their Retirement Benefit Bond Certificates and the two exit options; Programmed Withdrawal and Annuity available to them.

Vía The Guardian Nigeria

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