As part of efforts to bring succour to all retirees, Lagos State
governor, Mr. Akinwunmi Ambode, has approved the sum of N11billion for
payment of pension arrears dating back to 2010.
The governor according to a statement issued by the head of service, Mrs. Shade Jaji yesterday said the move is geared towards alleviating the sufferings of the retirees.
According to the statement, the development is part of efforts put in place by the present administration to find a holistic solution to the issue of payment of pension entitlements to retirees under the Pay As You Go pension scheme which was discontinued in April, 2007 as well as outstanding accrued pension rights due to retirees under the Contributory Pension Scheme.
Jaji in the statement posited that the state government has developed a comprehensive payment plan to resolve all outstanding pension issues in the immediate (short), medium and long terms.
The short or immediate term plan, according to her, is for pension payments to MDAs and parastatals including local governments and SUBEB, which will be made monthly, to commence from August, 2015.
The head of service explained that the above efforts are the outcome of painstaking deliberations by the Public Service Pensions Office, the Lagos State Pensions Commission.
The governor according to a statement issued by the head of service, Mrs. Shade Jaji yesterday said the move is geared towards alleviating the sufferings of the retirees.
According to the statement, the development is part of efforts put in place by the present administration to find a holistic solution to the issue of payment of pension entitlements to retirees under the Pay As You Go pension scheme which was discontinued in April, 2007 as well as outstanding accrued pension rights due to retirees under the Contributory Pension Scheme.
Jaji in the statement posited that the state government has developed a comprehensive payment plan to resolve all outstanding pension issues in the immediate (short), medium and long terms.
The short or immediate term plan, according to her, is for pension payments to MDAs and parastatals including local governments and SUBEB, which will be made monthly, to commence from August, 2015.
The head of service explained that the above efforts are the outcome of painstaking deliberations by the Public Service Pensions Office, the Lagos State Pensions Commission.
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