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19 July 2021

Pension Operators, Lawmakers to Review Lump Sum Payable to Retirees

The Lagos State Government has said that 287 of its retirees have received the sum of N1 billion in their retirement savings accounts (RSA). This was disclosed at the 86th bond presentation ceremony in Lagos by the Director-General, Lagos State Pension Commission, Babalola Obilana.

The Lagos State Government has said that 287 of its retirees have received the sum of N1 billion in their retirement savings accounts (RSA). This was disclosed at the 86th bond presentation ceremony in Lagos by the Director-General, Lagos State Pension Commission, Babalola Obilana. He said the gesture was in fulfillment of the government’s agenda to provide succor to pensioners. While reiterating the commitment of the state government to the welfare of its retirees, he said it would remain consistent in the implementation of the contributory pension scheme in line with the provisions of the state’s amended pension law. – Guardian online