The Lagos State Government has disbursed a total of N2.017 billion as retirement benefits to a group of 644 retirees. The significant event, held on Wednesday, marked the 101st batch of Retirement Bond Certificate presentations for retirees in the state.
The Director-General of the Lagos State Pension Commission, Mr. Babalola Obilana, praised the retirees for their dedication and hard work throughout their service years. He emphasized that the payment made on Wednesday encompassed the retirement benefits related to their past service, specifically before the inception of the Contributory Pension Scheme in 2007.
Obilana highlighted the importance of the event as a tribute to the retirees’ remarkable contributions and unwavering commitment that played a crucial role in shaping Lagos State into the thriving “Centre of Excellence” it is today.
He added, “These retirement bond certificates symbolise more than just financial rewards; they represent the trust and confidence we have in our retirees. They are a testament to the lasting impact you have made just as your dedication has been the bedrock of the goal of a greater Lagos State.’’
Addressing the gathering, Mr. Olawale Musa, Permanent Secretary of the Lagos State Ministry of Establishments, Training, and Pensions, commended Governor Babajide Sanwo-Olu for his unwavering focus on the welfare of public service workers, even post-retirement. Musa advised the retirees to manage their finances wisely and cautiously explore various investment avenues.
He encouraged retirees to seek guidance from the Lagos State Pension Commission (LASPEC) or the ministry for any pension-related queries or additional information.
“I applaud our retirees for their exceptional contributions and unwavering dedication to the development of Lagos State and pray that their retirement be filled with joy, fulfilment and new experiences,’’ Musa said.