The Lagos State Government has allocated N2.017 billion in retirement benefits to support 644 retirees during the 101st batch Retirement Bond Certificate presentation ceremony held in Alausa, Ikeja.
During the event, Mr. Babalola Obilana, the Director-General of the Lagos State Pension Commission (LASPEC), emphasized that this payment covers the retirees’ accrued service benefits earned before the inception of the Contributory Pension Scheme (CPS) in 2007. The occasion was designed to celebrate the remarkable accomplishments of these retirees who devoted their time, energy, and talents to the service of Lagos State.
Obilana expressed his admiration for the retirees, acknowledging their dedication that contributed significantly to the transformation of Lagos State into the renowned “Centre of Excellence” it is today. He underlined that the retirement bond certificates handed out carry more than just financial significance; they symbolize the government’s trust and confidence in its retirees and recognize the long-lasting impact they’ve had, serving as the foundation for the greater Lagos State.
Mr. Olawale Musa, the Permanent Secretary of the Lagos State Ministry of Establishments, Training, and Pensions, praised Governor Sanwo-Olu for his commitment to the welfare of public service employees, extending this commitment even into retirement. He advised the retirees to manage their finances prudently and make careful choices when considering investment options. Musa also encouraged retirees to reach out to LASPEC or the ministry for any pension-related information or clarifications.
In closing, Musa commended the retirees for their exceptional contributions and unwavering dedication to the development of Lagos State, and he extended his wishes for their retirement to be filled with joy, fulfillment, and new experiences.
Photo Source: The Nation