Lagos State government has reassured pensioners of consistent and timely income at retirement.
The state Commissioner for Establishments, Training and Pensions, Mrs. Ajibola Ponnle, who stated this during a seminar for retirees, noted that the state government would prioritise the welfare of its workforce and pensioners.
She said: “It is our expectation that the outcome of the seminar will provide you with a clear understanding of the relevant documents required for the processing of your retirement benefits under the contributory pension scheme,” she said.
“It is also expected that the sessions will answer most of your questions and ease your worries about life after retirement. The current administration is dedicated to the prompt payment of salaries and pensions. We are also committed to maintaining a leading role in the pension industry by improving the timely payment of pensions upon retirement from the state public service.
“The current administration since its inception in 2019 has paid over N44.5 billion to 11,854 retirees. We are constantly monitoring our Pension Fund Administrators (PFAs) and Annuity Service Providers (ASPs) for full compliance with the directives of the Contributory Pension Scheme (CPS)”.
She pointed out that they were not unmindful of the challenges faced by our senior citizens, such as the outstanding pension payments and the impact of the global economic crisis on the cost of living.
“We are working on various reforms to ensure our pensioners receive consistent and timely income at retirement.
“As you plan to retire, please ensure your information on the retirement process is from competent and reliable sources. Do not hesitate to contact the Lagos Pension Commission or the Ministry of Establishments, Training and Pensions for advice or clarifications on pension issues,” she added.