Today, during the 103rd Batch Retirement Bond Certificate Presentation, Governor of Lagos State presented N3.1 billion to 1,013 retirees in recognition of their unwavering dedication to Lagos State. He engaged in discussion with happy retirees who had ensured the state remains the leader across different indices in Nigeria.
This payment of N3.1billion alongside their monthly contributions which was remitted into their respective Retirement Savings Accounts with the Pension Fund Administrators is a testament to the unwavering commitment of the Sanwolu administration to the welfare and well-being of retirees.
Since the inception of this administration, the Lagos State government 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.
Next month, the government will pay another N4 billion as Lagos continues to lead in pension benefits administration.
The Governor thanked the Y2024 Africa Brand Awards for affirming his administration gold standard in employee welfare with special recognition. Kudos to the Lagos State Pension Commission for their dedication and professionalism.
The Governor congratulated the retirees for their hard work which has not gone unnoticed. As his administration work towards a “Pay As You Go” model, know that inclusion and elevation are at the core of his open government.
