The Director-General, Lagos State Pension Commission, Mr. Babalola Obilana, has said the state government paid over N1bn to retirees in April.
He disclosed this while delivering a speech at the retirement bond certificates presentation ceremony to the 84th batch of the Contributory Pension Scheme retirees in Lagos.
Obilana said Lagos State had been consistent with its leadership role in the implementation of the CPS in line with the provisions of the Lagos State Pension Reform Law of March 19th, 2007 now amended.
The director-general commended the state governor for efficient and effective administration of the CPS in the state.
According to him, one of the outcomes is the regular issuance of retirement bond certificates to retirees of the state public service.
He also appreciated the support of the commissioner of establishment, training and pensions, the state-approved Pension Fund Administrators and the efforts of the insurance companies at ensuring that all its retirees had unrestrained access to their pension benefits.
Written by: EaglesFM