By ZAKA KHALIQ, Lagos –
Governor Akinwunmi Ambode! has released the sum of N1.075 billion into the Retirement Savings Accounts(RSAs) of 301 Contributory Pension Scheme(CPS) retirees for the month of November.
The beneficiaries are pensioners in Lagos State Public Service, inclusive of local government and SUBEB retirees,
The governor, who was represented by the commissioner for establishments, training and pensions, Dr. Akintola Benson Oke, at the 45th Retirement Benefit Bond Certificate Presentation Ceremony in Ikeja, Lagos, last week, thanked the retirees for their services which have resulted in a better Lagos.
He stated that he had interest in the well being of the retirees; hence, government was in the process of providing pensioner’s ID cards that would enable the retirees enjoy some benefits which hitherto they would have paid for.
Akintola said this administration, through Lagos State Pension Commission (LASPEC) has been able to disburse more than N32 billion in form of accrued pension rights to 7,976 retirees (August 2015 – November, 2017), an achievement other states would wish to attain. He also confirmed that pensioners under the Pay-As-You-Go scheme receive their monthly pensions the same time active workers receive their salaries.
Director- general, LASPEC, Mrs. Folashade Onanuga, admonished the retirees, on the importance of healthy living so that they would enjoy their life in retirement. She also advised that they should make decisions themselves on either to receive their pension entitlement through the Life Annuity or Programmed Withdrawal options. She advised them to critically study the educative materials on the two options and make decisions that they are comfortable with.
In appreciation, one of the retirees, Mrs. Olufunke Atitebi , observed that there was a big difference in the trend and manner Lagos retirees get their entitlements in this administration compared to what obtained before he came on board, stating that the monthly payment has made Lagos state stands out.
She implored Ambode to keep up the good work and prayed that God will continue to uphold and assist him in governance. She urged government to find a way of assisting retirees and their families, calling on the current administration to give priority to recruiting children of retirees in the state’s service.