The Lagos State Government has directed its agencies, suspected not to be fully complying with the provisions of the Lagos State Pension Reform Law to commence their contributions into the employees’ retirement saving account.
The state Governor, Akinwunmi Ambode, disclosed that it was his passion to enhance workers’ welfare and their continued financial empowerment through the payment of outstanding commitments in the state public service.
Ambode stated this on Thursday in Alausa, Ikeja, where he presented N2.2bn retirement benefit bond certificates to 658 retirees in the state.
Ambode said: “All government parastatals that have not fully complied with the provisions of the Lagos State Pension Reform Law by regular remittance must immediately commence their contributions into the employees retirement saving account.
“The payment of the retirees’ pensions is an indication of our passion to enhance workers’ welfare.”
The governor, who was represented by the Deputy Governor, Dr. Idiat Adebule, said a total liability of N761.828m was being absorbed by the state government on behalf of the retirees.
Speaking at the event, the Director-General, Lagos State Pension Commission, Mrs. Folashade Onanuga, pledged that retirees in the state who had not been paid their entitlements would soon be attended to, adding that the governor had promised not to rest until they all received their retirement benefits.
According to Onanuga, the governor had earlier in the month approved N11bn to meet the outstanding pension liabilities of retirees, adding that the funds would be disbursed on a monthly basis.
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