Governor Babajide Sanwo-Olu has paid more than N1 billion into the Retirement Savings Account (RSA’s) of 246 retirees in the state’s public service for October.
Mr Babalola Obilana, Director-General, Lagos State Pension Commission (LASPEC), disclosed in a statement on Sunday in Lagos.
“A total of one billion, three million, three hundred and seventy-four thousand, three hundred and seventy-two Naira, sixty-eight kobo was paid,” Obilana said.
According to him, the governor has consistently paid the monthly entitlements of retirees and backlog of some unpaid pension inherited from previous administrations.
The director-general congratulated all the retirees for rendering meritorious service to the state.
Obilana said that despite the state of the nation and aftermath of the global COVID-19 pandemic, the state government in line with the vision of a greater Lagos and its commitment to financial freedom for the state’s retirees ensured the payment of pension entitlements.
“This shows the commitment of Gov. Sanwo-Olu to the welfare of the pensioners in the state,” he said.
He urged the retirees to understand the details of the two options and choose the most appropriate option suitable for their situation.
NAN