We’ve N10bn outstanding accrued rights to pay 10,000 retirees – LASG
No fewer than 10,000 retirees are been owed their pension rights in Lagos State, Mr Babalola Obilana, Director-General, Lagos Pension Commission (LASPEC), has said.
The 10,000 retirees are owed N10bn outstanding accrued rights and the State Government has promised to clear the outstanding before May 2023.
Obilana made the disclosure in an interview with the News Agency of Nigeria on the sidelines of the 95th Retirement Benefit Bond Certificates Presentation for Retirees in Lagos on Saturday.
He stated that the outstanding pension would be settled before the end of the first tenure of Gov. Babajide Sanwo-Olu in May 2023 as promised by the governor.
Recall that the state government just paid more than N1.5 billion to 487 retirees for the month of June on Friday. Obilana said that with the latest payment, pension benefit for retirees of year 2020 had been settled and the state government would proceed to start paying retirees for the year 2021 by July 2022.
Source: NAN
Read more Lagos State Pension News here
Support PensionNigeria financially with N1,000 per Month HERE, or with any amount HERE
Empower us to do more independent analysis of the Pension Industry in Nigeria
Subscribe to PensionNigeria Daily News Broadcast on WhatsApp, just send “Subscribe” to 08160052802, PLEASE ensure you also save 08160052802 to your contacts as “PensionNigeria” to enable you receive the PensionNigeria News Broadcast.
Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening.
If you have subscribed before and you still do not receive our Newsletter, please check your “Spam Folder”, if you find our Newsletter there, mark it as “NOT SPAM” or move it to your Inbox
Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube
