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Another batch of Public Service Retirees under the Contributory Pension Scheme has been paid N795 million as accrued pension rights for the month of September 2018 by the Governor Akinwunmi Ambode-led Lagos State Government.
TheNewsGuru (TNG) reports Dr. Akintola Benson-Oke, the State Commissioner, Ministry of Establishments Training and Pensions, made this known on Wednesday while addressing retirees at the 55th Retirement Benefit Bond Certificate Presentation Ceremony held in Ikeja, capital of the State.
According to Akintola, 9,804 retirees have so far received accrued pension rights of N40,245 billion into their Retirement Savings Accounts (RSA) from the inception of the Ambode-led administration.
He reiterated that despite the huge funding obligations of the Contributory Pension scheme, Governor Ambode is committed to the well-being of the pensioners in retirement, stressing that, for this reason, funds are released monthly into the Retirement Savings Account of employees and also accrued rights of retirees are paid to enable them have access to their RSA.
Earlier, the Director-General, LASPEC, Mrs. Folasade Onanuga said that the State Government appreciates the retirees’ service to the State and wishes them well.
She also educated the retirees on the move by the National Pension Commission to fulfil the provisions of the Pension Law on guaranteed Minimum Pension for life for retirees under the Programmed Withdrawal benefit option.