Sunday, 22 February 2015

Lagos to pay 305 CPS retirees N1.41b

The Nation

Director-General, Lagos State Pension Commission, Mr. Rotimi Hussain
The Lagos State Government is set to pay another set of 305 workers who retired from the State Public Service N1.411 billion being their benefit before the commencement of the Contributory Pension Scheme (CPS) in 2007, Director-General, Lagos State Pension Commission, Rotimi Adekunle Hussain has said.
In a statement, the Commission’s Press & Public Relations Officer, Taofeek Lawal Hussain, said the retirees would be receiving their retirement benefits during the 16th Retirement Bond Certificates presentation ceremony that will hold on 24th of February, 2015 at the Nigeria Employers’ Consultative Association (NECA) auditorium in Lagos.
He said the presentation ceremony is in fulfillment of the commitment of Governor Babatunde Raji Fashola, SAN, to making life worthy of living for his workers whilst still in service and after retirement adding that the administration has not relented in its resolve at ensuring that the retirement benefits of every retiree is paid as and when due.
He said during the 15th bond presentation, the state government paid a total sum of N30.47 billion to 5,773 retirees.

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