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Showing posts with label retirement benefits. Show all posts
Showing posts with label retirement benefits. Show all posts

Wednesday, 20 December 2017

Bolanle Ambode applauds prompt payment of retirement benefits

Wife of the Lagos State Governor, Mrs. Bolanle Ambode, has commended the State government for making the payment of retirement benefits a priority, just as she applauded the regular payment of workers’ salaries.



The First Lady, who gave the commendation today at the 46th retirement benefit bond certificate presentation to 286 retirees in Alausa, Ikeja noted that it took a focused and purpose-driven administration to prioritise the entitlements of workers, who spent the better parts of their lives in the service of the State government.

“With gratitude and immense appreciation, I commend the efforts of the Lagos State Government for rising to this important occasion of fixing the entitlements of these great citizens, who had spent the better parts of their lives in the service of the State,” she said.

 Mrs. Ambode recalled that the 18th edition of the programme took place shortly after the inauguration of the current administration, noting that several bond certificate presentations had taken place since then, bringing the latest edition to the 46th.

She condoled with the families of retirees who had transited and urged the beneficiaries to pay good attention to their health and avoid frivolous spending.

In his address, the State Commissioner for Establishment, Training and Pensions, Dr. Akintola Benson Oke, disclosed that in less than three years of the current administration, no less than 33 billion Naira, had been paid to more than 8,000 retirees as accrued pension rights.

Speaking earlier, the Director-General of the State Pension Commission, LASPEC, Mrs. Folashade Onanuga, noted that the Ambode’s administration gave first line charge treatment to pension contributions, adding that both employer and employee contributions were remitted into the retirement savings accounts of beneficiaries.