Lagos disburses N711m to retirees

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The Lagos State Government has disbursed the sum of N711 million as pension payments for September.

The Lagos State Pension Commission (LASPEC) in a statement issued on Monday by its Head of Public Affairs Unit, Mrs. Basirat Lawal, said the N711 million was released to pay 287 retirees for that month.

The statement said Governor Akinwunmi Ambode was represented by the state Commissioner for Establishments, Training and Pensions, Dr. Akintola Oke, at the Retirement Bond Certificates Presentation on September 29.

“The Agency in the month of September also released Insured death benefit cheques amounting to about N32 million to nine beneficiaries and next-of-Kin of deceased employees,’’ the statement added.

The statement quoted Ambode as saying that he has embarked on massive infrastructural development in the state that would, however, give great priority to those who laboured and had now retired.

“I understand the challenges facing the retirees and that the receipt of their pension dues will enable them face the future, as well as other goodies in the pipeline,’’ Ambode said.

The Director- General of LASPEC, Mrs. Folashade Onanuga, in the statement also advised the pensioners to spend wisely.

“If you are in the evening time of your life, make sure you rest well, and do not do anything that will aggravate your health status.

“Use your pension for your basic needs and make sure you eat well and in moderation.

“The current economic challenges have affected the ability of youths to gain employment, such that in essence, many youths who should be taking care of themselves and their parents are still depending on them.

“I also advise the retirees to consider using the lump sum received to empower any resourceful child to start a family business, which could end up creating jobs for others,’’ Onanuga added.

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