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| Governor Ambode |
Chuks Udo Okonta
Poised to enhance
workers’ welfare, the Governor of Lagos State Akinwunmi Ambode is set to pay N2.2
billion to a total number of 658 retirees in the 18th batch of
Retirement Benefit Bond Certificate Presentation ceremony.
This was disclosed by
the Director-General, Lagos State Pension Commission (LASPEC) Mrs Folashade
Onanuga, during a chat with the media recently in her office in Ikeja.
Mrs Onanuga stated
that the Retirement Bond Certificate Presentation would be made in Alausa on
Thursday 20th August, 2015 by the Governor of Lagos State, Akinwunmi
Ambode to 658 workers who retired from the mainstream of the Civil Service,
Local Government, SUBEB and Parastatals of government.
According to her,
this Retirement Benefit Bond presentation, being the 18th
consecutive one since the inception of the Contributory Pension Scheme,
signified the strong commitment of the State Government to the implementation and
continued sustainability of the Contributory Pension scheme.
According to the
LASPEC boss, the Retirement Benefit Bond Certificate is a written
acknowledgment by the State Government of debt owed to employees for their
years in service under the Pay- As –You- Go pension scheme which was
discontinued on the 31st March, 2007. The State Government had
already redeemed the figures stated on the certificates into the Retirement
Savings Accounts of the 658 retirees.
The Director-General
also stated that the Governor of Lagos State, Akinwunmi Ambode, had earlier in the month
graciously approved the release of the sum of N11billion to meet the
outstanding pension liabilities of retirees and that the fund would be
disbursed on monthly basis, starting with this month, to reduce substantially
the outstanding pension liabilities.
The LASPEC boss also
said: “It is gratifying to note that Lagos State Government has been up-to-date
in remittance of contributions.”
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