In a statement, the Lagos State Governor, Mr Akinwunmi Ambode, said, “This administration appreciates your services, dedication and patience and that is why we are very committed to paying terminal entitlements.”
He stated this during the 56th bond certificate presentation in Lagos.
The governor, who was represented by the Commissioner for Establishments, Training and Pensions, Dr Akintola Oke, said 9,982 retirees had accrued pension rights of N40.9bn paid into their Retirement Savings Accounts from 2015 to date.
“Lagos tries to go about pension payment systematically despite the huge liabilities that come with it,” he said.
The Director-General, Lagos State Pension Commission, Mrs Folashade Onanuga, advised the retirees to spend wisely in retirement. She also used the opportunity to educate them on healthy living in retirement.