Friday, March 5, 2021
  • Contact
Pension Changes
  • Government Policy
  • Pension Changes
  • Pension Information
  • Pension Rights
  • Retirement Pension
No Result
View All Result
Pension Changes
Home Pension Rights

Lagos Okays N1.16bn To Pay Retirees — Economic Confidential

June 22, 2020
in Pension Rights
Lagos Okays N1.16bn To Pay Retirees — Economic Confidential
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Lagos Okays N1.16bn To Pay Retirees

 

 

The Lagos State Government has approved the release of N1.16bn for the payment of accrued pension rights to 368 public service retirees.

This was disclosed by the Director-General, Lagos State Pension Commission, Mr Babalola Obilana, while giving an update on payments of pension for the month of May 2020, in his office in Lagos.

A statement from LASPEC said he appreciated the Lagos State Governor, Mr Babajide Sanwo-Olu, for his commitment to ensuring that retirees got paid their terminal entitlements as and when due.

He said to ensure the safety of all beneficiaries during the COVID-19 pandemic, all bond certificates for May had been released to the Pension Fund Administrators.

According to him, the PFAs will invite beneficiaries for the exit meeting and grant access to their redemption savings account for the computation of their lump sum and monthly pension.

Obilana assured retirees that he would sustain and improve on the accomplishments of his predecessor.

He said retirees who were yet to collect their bond certificates would soon be paid, as payments were being structured based on date of exit and grade level.

“They are neither forsaken nor forgotten,” he said.

Obilana advised retirees to be careful when investing their money, so as to live a stress-free life in old age.

The director-general urged the retirees to scan and send all their documents to the agency through its e-mail address.

According to him, the retirees can also check LASPEC portal to confirm if their retirement bond certificates are ready.

Related

— to economicconfidential.com

Related posts

EU wants employers to report wage levels to fix gender pay gap

EU wants employers to report wage levels to fix gender pay gap

March 5, 2021
EU proposes fix for gender pay gap: Show me the money!

EU proposes fix for gender pay gap: Show me the money!

March 5, 2021
Previous Post

Charlotte police chief retiring amid protests, loss of RNC

Next Post

New pension scheme as albatross? – The Sun Nigeria

Next Post
New pension scheme as albatross? – The Sun Nigeria

New pension scheme as albatross? – The Sun Nigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Pension cuts coming? Supreme Court hears California rule case

Pension cuts coming? Supreme Court hears California rule case

10 months ago
Ball Aerospace Supports Preliminary Design Review for NASA’s SPHEREx Mission | Colorado

Ball Aerospace Supports Preliminary Design Review for NASA’s SPHEREx Mission | Colorado

3 months ago
Private pension planning

Private pension planning

5 months ago
Boris Johnson sets up ‘coronavirus war cabinet’ as ministers unveil emergency powers – The Sun

Boris Johnson sets up ‘coronavirus war cabinet’ as ministers unveil emergency powers – The Sun

12 months ago

FOLLOW US

  • 81 Followers
  • 27.6k Followers

BROWSE BY CATEGORIES

  • Government Pension Policy
  • Pension Changes
  • Pension Information
  • Pension Policy
  • Pension Rights
  • Retirement Pension
  • Uncategorized

BROWSE BY TOPICS

2021 2021 Pensions bbc news CCP retirement check my state pension civil service pension reform Disabled pensions drawdown government policy examples uk how much is state pension lic pension plans Minutes of Meeting new state pension PAB Meeting Minutes PAB Minutes Pension age pension changes announced today pension issues pension meaning pension ombudsman pension plan pension reform definition Pensions Advisory Service Pensions Brexit pension scheme uk Pensions outlook retirement 2 million retirement pension sbi life saral pension plan calculator scams scheme funding Single mothers pensions State Pension State Pension age state pension changes state pension forecast State Pensions State triple lock the pensions regulator Therese Coffey uk pension age uk pension for eu citizens after brexit UK State Pension uk state pension age uk state pension calculator

POPULAR NEWS

  • Multiemployer pension reform not happening this year

    Multiemployer pension reform not happening this year

    5 shares
    Share 0 Tweet 0
  • Exit payment cap: Implications for the LGPS

    0 shares
    Share 0 Tweet 0
  • Public Service Pensions Update | October 2020

    0 shares
    Share 0 Tweet 0
  • What is the average UK retirement income?

    0 shares
    Share 0 Tweet 0
  • NEST: More than a pension | Country Report

    0 shares
    Share 0 Tweet 0

Follow us on social media:

Recent News

  • Joliet Police Pension Fiasco: Capparelli, Gavin Ripped
  • EU wants employers to report wage levels to fix gender pay gap
  • EU proposes fix for gender pay gap: Show me the money!

Category

  • Government Pension Policy
  • Pension Changes
  • Pension Information
  • Pension Policy
  • Pension Rights
  • Retirement Pension
  • Uncategorized

Recent News

Joliet Police Pension Fiasco: Capparelli, Gavin Ripped

Joliet Police Pension Fiasco: Capparelli, Gavin Ripped

March 5, 2021
EU wants employers to report wage levels to fix gender pay gap

EU wants employers to report wage levels to fix gender pay gap

March 5, 2021
  • About
  • Advertise
  • Careers
  • Contact

© 2020 Please contact us on partnership@pensionchanges.co.uk if you would like to reach our audience.

No Result
View All Result
  • Contact

© 2020 Please contact us on partnership@pensionchanges.co.uk if you would like to reach our audience.