The Lagos State Governor, Babajide Sanwo-Olu, on Friday, paid one other N3.149 billion to 1,013 retirees in its 103rd retirement bond certificates presentation.
He stated the fee was consistent with his administration’s dedication to the welfare of its workforce, each lively and post-service.
The governor spoke on the 103rd retirement bond certificates presentation to retirees of Lagos State ceremony held at Anchor Occasions Centre, Agidingbi, Ikeja.
“As of at present, my administration would have lined practically half of the whole funds made by earlier administrations because the inception of the CPS in Lagos State. Whereas we acknowledge the backlog within the fee of Accrued Rights, our consideration is concentrated on systematically eliminating this backlog. I’m happy to announce that we now have made substantial progress on this regard and I’m assured that earlier than the top of my tenure, our aspiration for a “Pay As You Go” mannequin shall be realised.
“My administration will proceed to run an open authorities that acknowledges our variety and promotes inclusion. I need to reaffirm that irrespective of your age, gender, intercourse, tribe, or particular wants, so long as you’re an worker of the Lagos State Public Service, whether or not in lively service or retired, your welfare and well-being are prime precedence.
“Lagos State authorities, by way of LASPEC, is assiduously working to make sure that public service retirees not solely get what is because of them statutorily but additionally proceed to obtain, by way of different companies and programmes, further assist and help that can add worth to their lives in retirement,” Sanwo-Olu stated.
The federal government, because the inception of the Contributory Pension Scheme, has paid N138 billion to 34,178 retirees. The federal government has additionally paid N56,551 billion into the Retirement Financial savings Accounts of 16,026 retirees within the Mainstream, Native Authorities, State Common Fundamental Board, Instructing Service Fee, and different authorities Parastatals because the inception of the Sanwo-Olu’s administration.
The governor promised that one other N4 billion excellent shall be paid in March whereas the federal government will attempt to clear all backlogs by April.
He additionally introduced a one-year free Ilera Eko well being scheme for the 1,013 beneficiaries of this batch.
On his half, the Director-Common, Lagos State Pension Fee, Babalola Obilana, admonished the retirees on the significance of correct monetary planning and administration.
“Let me additionally emphasise the significance of correct monetary planning and administration throughout retirement. Retirees must make knowledgeable selections relating to their funds to make sure long-term sustainability and safety. As you determine between programmed withdrawal and annuity, please decide an possibility that aligns together with your monetary targets and aspirations,” he stated.
