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LAGOS PAYS N524.46M TO 181 RETIREES

The Lagos State Government has presented Retirement Benefit Bond Certificates worth Five Hundred and Twenty-Four Million, Four Hundred and Sixty-Two Thousand Naira to another batch of 181 Public Service retirees, many of whom were from the mainstream of the civil service.

The Director-General, LASPEC, Mrs. Folashade Onanuga, who disclosed this while speaking at the 62nd Retirement Bond Presentation Ceremony at NECA House, CBD Alausa, added that there have been various challenges relating to the provision of pension entitlements but Lagos State has ensured that payment is given priority.

She said that the Lagos State Government had always been in the vanguard of employees’ welfare because the current administration gives high priority to the welfare and wellbeing of all staff, both active and retired.

The Director-General reiterated that the retirees need to take good care of their health by going for comprehensive periodic check-ups and desist from frivolous spending.

She also advised them not to desire quick gains as fraudsters would make offers to defraud them of their hard-earned benefits.

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