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Lagos Pays Over N48 Billion Accrued Pension Rights

… Inaugurates Committee On Village Excision

The Lagos State Government has paid accrued pension rights totalling N48 billion naira to over 10, 300 retirees to underscore its committement to improve the welfare and well being of former staff.

The Commissioner, Ministry of Establishments, Training and Pensions, Dr. Benson Oke Akintola, who stated this on Tuesday while speaking at the 10th Retirement Benefit Documentation Seminar for employees who are due to retire from the Lagos State Public Service between July and December, 2016 at Alausa, Ikeja, said the State Government will continue to deliver tangible dividends of democracy in spite of the limited available resources.

Dr. Akintola, represented by the Permanent Secretary, Civil Service Pensions Office, Mrs. Funmilayo Balogun said, “Prompt payment of the monthly salaries and allowances of all active workers by the Lagos State Government will continue to be our focus. This is because Government is ever conscious of the necessity to ensure the well-being of its workforce whose contributions to its achievements cannot be quantified.”

Speaking earlier, the Director General, Lagos State Pension Board, Mrs. Folashade Onanuga said that the total contributions credited into active employees Retirement Savings Accounts managed by the 10 Pension Fund Administrators approved by the State Government, from April 2007 to March 2016 is approximately N64 billion.

She restated that the accrued pension rights of N48 billion paid by the present administration to over 10, 300 retirees has increased the total amount remitted by the State Government as employees’ pension rights under the Contributory Pension Scheme to N112.080 billion naira.

While commending the Ambode led administration for its dedication and steadfastness despite the myriad of projects competing for the State’s resources, the LASPEC boss used the occasion to thank all the stakeholders who have, in one way or another, contributed to the efficient operations of the scheme in Lagos State.

The Retirement Benefit Documentation Seminar is a bi-annual event which is intended to prepare employees, retiring from the civil service, for a life of financial independence, as well as educate them on how to manage their health in retirement.

The state government said it has inaugurated a 24-member Technical Committee on Village/Community Excision as part of efforts by the present administration to resolve issues and procedures on village excision and other land related matters.

The members of the technical committee, which was created to formulate new procedure for processing Village/Community Excision issues, were drawn from various land-handling Ministries, Departments, and Agencies of the state government.

Speaking during the inauguration, Permanent Secretary, Lands Bureau, Mr. Bode Agoro, said it is expedient to reconstitute the former Technical Committee in order to stem down slum development, enhance effective land titling and physical planning/development guide in line with the State’s Master Plan policy.

He attributed the delay in dealing with issues relating to the demand for village excisions, land resettlements and other related subjects to restructuring in the state civil service and other challenges which the present administration is already making efforts to resolve.

It would be recalled that a Technical Committee was constituted to assist the Land Use and Allocation Committee (LUAC) on issues related to village excision and other land resettlement matters in accordance with the provision of the Executive Order No EO/ BRF/014 of June, 2009.



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