Lagos State Government continues to lead in pension payment. Governor Akinwunmi Ambode has released the sum of N838 million to pay accrued pension rights of 141 retirees under the Contributory Pension Scheme for the month of February in 2018.
The Lagos State Government has remained focused on payment of pension entitlements which has earned the state accolades over the years.
The Lagos State Pension Commission (LASPEC) has promised that the payment of the accrued pension rights will continue to be monthly by this administration.
According to them, the payment is well structured, very transparent and efficient, and is based on the law of equity. Hence, payment is made without the need for any retiree to follow up as all the information needed is warehoused by LASPEC.
The Lagos State Government has however implored the retirees to put their money in business they can manage and not the one that would jeopardize their health.