The Commissioner, Establishment, Training and Pensions, Dr. Benson Akintola, has assured retirees of the state of better life in retirement.
He stated this in Lagos during the 10th retirement seminar for government employees due to retire between July and December this year.
He said the state government was interested in its workers’ wellbeing in their active years and in retirement.
“We are by inference committed to ensuring that people who retire from service live a life of financial independence,” he said.
Akintola also said that the government would continue to deliver tangible dividends of democracy in spite of the limited resources.
The commissioner also said the state had paid N48bn to its pensioners since the commencement of the Contributory Pension Scheme in the state.
The Director-General, Lagos State Pension Commission, Mrs. Folashade Onanuga, said from August 2015 to April this year, N13.7bn was paid to 3,069 retirees.
While appreciating the support of the Lagos State Government, she said the commission was set to pay another batch of retirees in May.
She also disclosed that from April 2007 to March 2016, Lagos had credited about N64bn contributions into the Retirement Savings Accounts of its active employers, being managed by the 10 Pension Fund Administrators approved by the state.
“It is worthy of note that despite the large number of employees duly registered by the state approved PFAs, the state has never relented in ensuring that monthly remittances are made into the RSAs of every employee,” she said.
During the seminar, the director-general said the participants would be exposed to the procedures for processing of terminal benefits.