Thursday, 6 August 2015

Lagos Releases 11 billion naira to offset pension owe since 2010



11 billion naira have been released by the Lagos State Government to offset pension liabilities in arrears in the state since 2010.

Announcing this on Wednesday, the Lagos State Head of Service, Mrs. Folashade Jaji govern[post_ad]ment said the move was to bring succour to all retirees in the Lagos State Public Service, noting the state Governor, Akinwunmi Ambode, had directed that the sum should be used to pay the pension liabilities of the Lagos State Government mainstream retirees and the retirees in local governments areas and parastatal organisations.
Jaji, who added that the government had developed a comprehensive payment plan to resolve all outstanding pension issues in the short, medium and long terms, says: “The short or immediate term plan is for pension payments to ministries, departments and agencies and parastatals, including local government areas and SUBEB, which will be made monthly commencing from August, 2015.”
Jaji said the efforts were the outcome of painstaking deliberations by the Public Service Pensions Office, the Lagos State Pensions Commission, the Head of Service and the governor to “reduce, if not totally clear,” the outstanding li[post_ad]abilities due to retirees in the mainstream public service, LGAs and parastatals in the state.

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