Lagos pays N1.8bn accrued pension right to 418 retirees




The Lagos State Government has again paid the sum of N1.8 billion, being accrued pension rights for past service into the Retirement Savings Account (RSA) of 418 retirees from the Mainstream Civil Service, Local Governments, State Universal Basic Education and Teaching Service Commission for the month of March, 2020.

A statement by the Public Affairs Officer, Lagos State Pension Commission (LASPEC), Mrs. Adetokunbo Eko, stated the Director-General Lagos State Pension Commission, Mrs. Folashade Onanuga, said the mode of distribution of Bond Certificates for this month is different from the norm, in view of the order by Governor Babajide Sanwo-Olu to limit large gatherings in a bid to curb the spread of COVID 19 Virus.

According to her, all Bond Certificates for March have been released to the Pension Fund Administrators who will invite beneficiaries in their tens for the exit meeting and grant access to their RSA for computation of their Lump sum and monthly pension.

She also released contact phone numbers and e-mail addresses for all retirees and contributors in Lagos State Public Service to channel any enquiry on pension matters during this period.

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