Lagos: Ambode clears N37.54bn pension arrears
News & Trends •
by bukola adetoye1 the lagos state pension commission laspec said gov. akinwunmi ambode of lagos state has paid a total of n37 546 billion to pensioners since 20151 according to a statement signed by the director-general of laspec mrs folashade onanuga on sunday in lagos the figure represented the total pension paid to 9045 retirees of the state1 the laspec director-general said the governor released n859 059 million to offset the accrued pension rights of 158 retirees under the contributory pension scheme cps in may1 she said earlier n859 059 million was paid to 158 public service retirees bringing the total pension paid by the governor since assumption of office to n37 546 billion1 she explained the governor had been releasing funds every month to off-set the backlog of pension to lagos retirees1 she said despite the high funding obligations of the current pension scheme the government was committed to offsetting the backlog of pension and would soon commence payment to 2016 retirees1 onanuga said the government was fine-tuning the process of rolling out benefits that would make life easier for retirees1 i however implore the retirees to study leaflets distributed by the state government on annuity and programmed withdrawal for receipt of monthly pension entitlements before picking their choice she said1