The Lagos State government, has said
it had paid not less than N125 billion to 29,518 retirees since the inception
of the Contributory Pension Scheme in 2004.
The state governor, Babajide Sanwo-Olu,
represented by Mrs Folashade Jaji, Secretary to the State’s Government, said
this yesterday while delivering a keynote address at the 98th Batch Retirement Bond
Certificate Presentation to the state’s retirees.
The event was organised by the Lagos State
Pension Commission in Lagos.
Sanwo-Olu stated that the state government
had also paid over N47 billion into the Retirement Savings Accounts of its
retirees since the advent of his administration in 2019.
He noted that 12,642 retirees from the
state’s Mainstream, Local Government, State Universal Basic Board (SUBEB),
Teaching Service Commission (TESCOM) and other parastatals were enjoying their
retirement benefits under CPS in the state.
“The Lagos State government has paid
125,996,687,159.13 to 29,518 retirees since the advent of CPS and N47,050,805,734.16
to its retirees since the inception of my administration,” he said.
According to him, the state had paid not
less than N2,522 billion into the RSAs of another set of 755 retirees for the
month of December.