INSURANCE 109 Lagos retirees get N582m pensions

The Lagos State Government has released N582.19m for the payment of

109 retirees' entitlements for the month of March.



According to a statement obtained from the Lagos State Pension

Commission, since the beginning of the administration of the incumbent

Lagos State Governor, Akinwunmi Ambode, the state has paid 5,956

retirees.



It stated that the retirees were from the mainstream civil service,

local governments and state Universal Basic Education Board, Teachers'

Establishment Pensions Office and other parastatals of government.



The Director-General, LASPEC, Mrs. Folashade Onanuga, while

congratulating the retirees at the 37th retirement benefit bond

certificate presentation ceremony in Lagos, reportedly said that the

Contributory Pension Scheme would be 10 years in Lagos State in April,

2017, adding that some activities had been lined up to commemorate a

decade of its existence in the state.



The Assistant Director, Technical, LASPEC, Mr. Olawale otun, explained

the benefit options available under the CPS to the retirees, during

the bond presentation.