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Lagos State Governor, Babajide Sanwo-Olu, announced that he has cleared all pension backlogs in the state by paying N4.46 billion to 2,000 retirees.
Sanwo-Olu revealed this in a statement on his X page on Thursday.
He also noted that his administration paid N3.1 billion to 1,013 retirees in February, promising to settle all arrears and current pension liabilities, a commitment he fulfilled on Thursday.
“Since the inception of this administration, we have paid a sum of ₦68,164,627,407.21 into the Retirement Savings Accounts (RSAs) of retirees in the Mainstream, Local Government, State Universal Basic Board (SUBEB), Teaching Service Commission (TESCOM) and other Parastatals of the State Government. We are very happy with this achievement.
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“Employees of the Lagos State Government who retire from the civil service will now get their full pension benefits and gratuity immediately after retirement as Lagos State continues to lead in pension benefits administration with a Pay As You Go template.”
The governor emphasised that prioritising the welfare of retired workers is not merely an obligation but a commitment his administration must uphold to shape its legacy as a state.
He announced the launch of a Health Insurance Scheme designed specifically for our retirees.
Sanwo-Olu stated that the scheme will offer access to a broad spectrum of medical services, ranging from routine check-ups to specialized treatments.
“This initiative underscores our commitment to the well-being of our retirees while ensuring that they receive not only what is due statutorily but also additional support and assistance to enhance their lives in retirement.
“Well done to the DG of the Lagos State Pension Commission, Babalola Obilana, and his team for their continued dedication and professionalism”, he added.
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