Lagos State To Pay N1.5 Billion Accrued Pension Benefits To Retirees

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Pension Funds Invested In Banks Rise To N2.05tn – PenCom
Pension Funds Invested In Banks Rise To N2.05tn – PenCom

Lagos State Government through the State Pension Commission intends to give N1.5 billion accumulated pension claims to its retirees under the Contributory Pension Scheme Today.

A statement from LASPEC said the accrued pension rights, being the entitlements of the retirees under the discontinued ‘Pay-as-you-go pension scheme’ would be remitted into the Retirement Savings Account of the retirees drawn from the mainstream service, local governments, SUBEB and the teaching service commission.

As part of its regular payment of retirement bonds to its pensioners, the commission urged its invited beneficiaries for the month of August to come for the collection of their retirement benefits bond certificates.