Lagos State government yesterday announced the approval of N11 billion for payment of pension liabilities and arrears owed the state’s retirees since 2010.
Governor Akinwunmi Ambode approved the amount aimed at bringing succour to all retirees from the mainstream public service, local governments and parastatals.
The governor, according to a statement issued by Head of Service, Mrs. Shade Jaji, said the move was geared towards alleviating the suffering of retirees.
According to the statement, the development is part of efforts by the present administration to put in place 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 retirees under the Contributory Pension Scheme.
Jaji in the statement noted that the state government had developed a comprehensive payment plan to resolve all outstanding pension issues in the immediate (short), medium and long terms.
The short and immediate term plans, according to her, is for pension payments to MDAs and parastatals, including local governments and SUBEB, which will be made monthly commencing from August 2015.
The Head of Service explained that the above efforts were the outcome of painstaking deliberations by the Public Service Pensions Office, Lagos State Pensions Commission, the Head of Service and the empathy of Governor Ambode to totally clear outstanding liabilities due retirees in the mainstream public service, local government/SUBEB and agencies in the state.