Lagos marks out N6.5billion to settle pensioners

Lagos marks out N6.5billion to settle pensioners

Lagos State Government has set aside N6.5billion for the settlement of all pension areas in the state.

State Commissioner for establishments, training and pension Mr. Akintola Oke who disclosed this Tuesday at the flag of the four day pre-retirement workshop for retiring public servants said the provision was contained in the year 2016 budget of the ministry.

He told the retiring staff that the government is very concern about the welfare of retirees as it has consistently pay the monthly pension due to pensioners to date and has equally not faulted in the payment of its own share of contributory pensions due to serving workers.

Oke also informed that the governor since assumption of office released N11 billion to offset pension areas, issued another bond worth N1.4 billion, paid N1.9billion to 294 retirees from the state public service in addition to payment of over N37million pension gratuities to 57 disengaged staff of defunct EKO Today. Read more 

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