The Governor of Lagos State, His Excellency Akinwunmi Ambode has released the sum of N859, 059 million to pay accrued Pension rights to 158 Public Service retirees under the contributory Pension Scheme (CPS) for the month of May.
Lagos State has continued to be the leading example in the payment of accrued Pension rights to its retirees compared to other states that are struggling. Dr. Benson Oke Akiontola, Commissioner Ministry of Establishment, Training & Pension recently said that 9, 045 retirees have had accrued Pension right of over N37, 546,464 billion paid into their Retirement savings Accounts from inception of this administration to date.
He said ” Despite the fact that the funding obligations of the current Pension scheme is high, Gov. Ambode is committed to the well being of the Pensioners and the active work force of the state. Hence funds are released regularly to pay Staff Salaries and Pensioners regularly.