The Lagos State government has issued Retirement Benefit Bond Certificates for April worth N1.080 billion to 260 retirees.
Those covered are from the Mainstream Local Government, State Universal Basic Educaion Board (SUBEB), TEPO and government parastatals under the Contributory Pension Scheme.
Director-General, Lagos State Pension Commission, LASPEC, Folasade Onnuga, who revealed this in a statement said the payment brings to 3069 the number of retirees paid between August last year to April this year, adding that the total accrued rights paid by the state government from the those months to date is N13, 701 billion.
“The fact that this administration commenced and has been able to maintain the trend of paying terminal entitlements of retired employees monthly since it started in August, 2015 showed that it is committed to its retirees,” she said.
She advised the retirees to carefully take decisions on how the funds would be utilised and urged them to be wary of pension fraudsters who deceive retirees into believing that there are balances to be paid to them and make demands.
She assured that in the not too distant future, all retirees will receive their entitlements.
