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Home NEWS News LASPEC: Govt Pays N8.7b To Retirees Every Six Months.

LASPEC: Govt Pays N8.7b To Retirees Every Six Months.

Mr. Babalola Obilana, Director- General of the Lagos State Pension Commission in a statement said that N8.7b has being paid by the Govt to Retirees between January to June this year which was deposited in their Retirement Savings Account(RSA).

He said:

”A total of 405 retirees RSAs have been credited in  June, 2020 totaling N 978.5 million. However, in compliance with the Covid-19 protocols and to ensure safety of beneficiaries, the retirement Bond Certificates Presentation will not hold, but all Retirement Bond Certificates for June have been released to Pension Fund Administrators who will invite beneficiaries in their ten’s for the exit meeting and grant access to their RSA for the computation of their lump sum and monthly pension.

“We assure retirees of prompt payment of pensions and welfare. This remains the focus of LASPC and this government will continue to deliver tangible dividends of democracy in the state. “

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