The Lagos State Government has released N11bn to offset pension liabilities in arrears in the state since 2010.
The government said the move was to bring succour to all retirees in the Lagos State Public Service.
The Head of Service, Mrs. Folashade
Jaji, on Wednesday in Alausa, Ikeja, said 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 said, “The development is part of
efforts put in place by the present administration to find a holistic
solution to the issue of payment of pension entitlements to retirees
under the pay-as-you-go pension scheme which was discontinued in April
2007, as well as outstanding accrued pension rights due to retirees
under the contributory pension scheme.
The
Head of Service said the government had developed a comprehensive
payment plan to resolve all outstanding pension issues in the short,
medium and long terms.
She said, “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 liabilities due to
retirees in the mainstream public service, LGAs and parastatals in the
state.
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