05 August, 2015

GOV. AMBODE APPROVES RELEASE OF N11BN TO PAY OFF PENSION ARREARS


Lagos State Gov. Akinwunmi Ambode has approved the discharge of N11 billion to offset all pension liabilities within the state accumulated since 2010.This was disclosed  in a statement by the state’s Head of Service, Mrs Shade Jaji, on Wednesday in Lagos.

 Jaji announced that the move was to bring relief to retirees within the state’s public service. She stated that unharness of the fund was additionally a part of measures by government to seek out a holistic answer to payment of pension to retirees below the PAY AS YOU GO theme. She added  that accumulated pension rights attributable to retirees below the contributive Pension theme would even be taken care of.

”The state government has developed a comprehensive payment plan to resolve all outstanding pension issues in the immediate (short), medium and long terms. ”The short and immediate term plan is for pension payments to MDAs and Parastatals, including local governments and SUBEB, which will be made monthly, commencing from August 2015,’’


She explained that effort of state was to scale back, if not wholly clear outstanding liabilities attributable to retirees within the state.

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