The Lagos State government has effectively cleared all pension backlogs with the payment of N4.462 billion to 2,000 retirees. Governor Babajide Sanwo-Olu announced this on his official X (formerly Twitter) handle on Thursday.
“In February, we paid N3.1 billion to 1,013 retirees with a promise to settle all arrears and current pension liabilities, and that promise has been fulfilled today,” the governor stated.
“Since the inception of this administration, we have paid a total of N68.165 billion into the Retirement Savings Accounts (RSAs) of retirees in the Mainstream, Local Government, State Universal Basic Education Board (SUBEB), Teaching Service Commission (TESCOM), and other Parastatals of the State Government. We are very happy with this achievement,” he added.
Retire and Get Your Benefits
Governor Sanwo-Olu assured that employees of the Lagos State Government who retire from the civil service will now receive their full pension benefits and gratuity immediately after retirement. He emphasised that Lagos State continues to lead in pension benefits administration with a Pay As You Go template.
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“Prioritising the welfare of our retired workers is not just an obligation; it is a commitment we must fulfill to shape our legacy as a state,” he tweeted.
Retirees’ Health is Important to Us
“We have also launched a Health Insurance Scheme specifically tailored for our retirees. This scheme will provide access to a wide range of medical services, from routine check-ups to specialised treatments. This initiative underscores our commitment to the well-being of our retirees, ensuring they receive not only what is statutorily due but also additional support and assistance to enhance their lives in retirement.”
The governor commended the Director General of the Lagos State Pension Commission, Mr Babalola Obilana, and his team for their continued dedication and professionalism.
