Sanwo-Olu Presents N3.1bn To Retirees

Lagos State Governor, Mr. Babajide Sanwo-Olu on Friday presented N3.1billion to 1,013 highly dedicated retirees who had shown great commitment to the service of the people of the state.

Governor Sanwo-Olu, who spoke during the 103rd Batch Retirement Bond Certificate Presentation Ceremony held in Lagos said the payment of N3.1billion to retirees, alongside their monthly contributions which have already been remitted into their respective Retirement Savings Accounts with the Pension Fund Administrators (PFAs), is a testament to the unwavering commitment of his administration to the welfare and well-being of retirees.

He said the ceremony is a continued affirmation of the commitment of the Lagos State government to the welfare of its workforce, both active and post-service.

Sanwo-Olu, who promised to pay another N4 Billion to retirees next month, March, assured that the Lagos State Government through the Lagos State Pension Commission is assiduously working to ensure that Public Service retirees not only get what is due to them statutorily but also continue to receive, through other agencies and programmes, additional support and assistance that will add value to their lives in retirement.

He said: “Today’s event is a continued affirmation of the commitment of the state government to the welfare of its workforce, both active and post-service. The Lagos State Government since the inception of the Contributory Pension Scheme has paid N138,093,194,007.15 to 34,178 retirees.

“Since the inception of my administration, we have paid a sum of N56,551,761,900.88 into the Retirement Savings Accounts (RSAs) of 16,026 Retirees in the Mainstream, Local Government, State Universal Basic Board (SUBEB), Teaching Service Commission (TESCOM) and other parastatals of the state government.

Earlier, the Head of Service, Mr. Olabode Agoro, said the Retirement Bond certificates presented to the retirees are not just tokens of appreciation, but symbols of the state government’s enduring gratitude and respect for the years of hard work and dedication the retirees have invested in the public service and the state, in general.

Agoro who urged the retirees to utilise the money given to them judiciously prayed that God would continue to give them a long life in good health and soundness of the mind to enjoy their benefits.

The Director-General of Lagos State Pension Commission, Mr. Babalola Obilana in his address commended the retirees for services to Lagos State and advised them to use their pensions judiciously.

He also praised Governor Sanwo-Olu for his love and passion for retirees in the state.