LAGOS STATE GOVERNMENT REFUNDS 145 FORMER SUBSCRIBERS OF EGAN HOUSING ESTATE
admin The Lagos State government has paid N1,534,797,309.32 to 742 retirees in the 109th bond certificate presentation.
Director-General of the Lagos State Pension Commission (LASPEC) Babalola Obilanasaid the amount covers their past service benefits prior to the commencement of the Contributory Pension Scheme (CPS) in 2007.
Obilana described the ceremony as ‘reaffirming the government’s unwavering commitment to your well-being’. “It is a symbol of gratitude and respect for the years of service you have all given. They are a tangible reflection of the government’s dedication to ensuring your well-being in retirement, just as you dedicated your careers to the service of Lagos State,” he noted.
The DG admonished the beneficiaries to make use of the lessons learnt during the informative sessions on accessing their Retirement Savings Account (RSA), care for their health, as well as being prudent with their expenses.
Obilana thanked Governor Babajide Sanwo-Olu for always supporting the pension obligations, and for the various policies introduced to improve the lives of senior citizens.
He added: “As we come together today, we reflect on the years of public service that have shaped not only your careers, but also the very fabric of our state. Each document processed, each law enforced, every policy implemented, and each citizen served is part of the remarkable journey you have all contributed to. Your commitment has been the foundation upon which our public institutions stand, and it is your hard work and sacrifices that have built the strong foundation of our beloved state.”
“To all of you present today, we acknowledge that your contributions have been immeasurable. You have faced numerous challenges, often in demanding environments, yet you have consistently demonstrated resilience, professionalism and an unwavering commitment to the ideals of Public Service. Today, we not only celebrate the receipt of your retirement benefits but also honor your steadfast dedication to the principles that guide our Public Service Sector.
“Today, Mr. Governoris reaffirming the government’s unwavering commitment to your well-being. Mr. Governor will be disbursing N1.535 billion to 742 retirees. This amount covers your past service benefits prior to the commencement of the Contributory Pension Scheme (CPS) in 2007.
“I would also like to thank my dedicated team at LASPEC, whose tireless work has ensured the efficient completion of all necessary paperwork, calculations, and processes. Their efforts have played a vital role in the smooth organization of today’s event, and they truly deserve special recognition.”
