The Lagos State Government has paid, more than N1 billion into the Retirement Savings Account (RSA’s) of 246 retirees in the state’s public service for October.
Mr Babalola Obilana, Director General, Lagos State Pension Commission (LASPEC), in a statement in Lagos explained that the beneficiaries, include employees from the mainstream service, Local Government Service, State Universal Basic Education Board (SUBEB), Teaching Service Commission (TESCOM) and other parastatals of the state government.
According to him, Gov. Babajide Sanwo-Olu has consistently paid the monthly entitlements of retirees and backlog of some unpaid pension inherited from previous administrations.
The director-general congratulated all the retirees for rendering meritorious service to the state.