• Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Videos
Facebook Twitter Instagram
Trending
  • Two docked for alleged theft of mobile phones worth N71,000
  • OOU VC harps on effective town-gown relationship to boost research
  • Fidelity Bank announces 2nd edition of Fidelity International Trade and Creative Connect
  • Lai Mohammed bags international lobbying job
  • Fuel subsidy: FUOYE staff laud VC for providing new 60-seater bus
  • NDLEA refutes reports of lopsided promotion exercise
  • Stanbic IBTC Bank updates its woman-owned account to include male signatory
  • The Drum Festival in Canada: Ooni endorses event, applauds Segun Akanni
Facebook Twitter Instagram
The Eagle OnlineThe Eagle Online
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Videos
The Eagle OnlineThe Eagle Online
Home»News»Pension: Lagos State pays N80b into RSA in 10 years – Official
News

Pension: Lagos State pays N80b into RSA in 10 years – Official

The Eagle OnlineBy The Eagle OnlineNovember 2, 2017No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Pension
Share
Facebook Twitter LinkedIn Pinterest Email

Lagos State Government said it had paid more than N80 billion into the Retirement Savings Accounts of its retirees since the commencement of the Contributory Pension Scheme in 2007.
The Lagos State Pension Commission said this in a statement in Lagos by its Head of Public Affairs Unit, Basirat Lawal, on Thursday.
Lawl said: “As at September, 2017, LASG paid more than N80 billion into the Retirement Savings Accounts of its retirees since the commencement of the Contributory Pension Scheme in 2007.’’
The commission said the state government had also disbursed N710 million as pension to 153 retirees in October and paid accrued pension rights of N31.822 billion to 7,677 retirees from August 2015 till date.
She said: “This is aside the mandatory 15 per cent contributions which the government remits monthly into the Retirement Savings Account of the retirees.”
Lawal quoted the Director-General of LASPEC, Folashade Onanuga, as saying that Ambode’s administration would continue to  boost the socio-economic well-being of citizens, in spite the over N200 billion pension liabilities on the state.
She said that Onanuga, however, advised pensioners to be wary of pension fraudsters, take very good care of their health and desist from spending on frivolities.
She said: “Retirees must always collect their statement of accounts from their Pension Fund Administrators’s for monitoring.
Lawl said: “There is also need to create Oracle HR application field for Additional Voluntary Contributions.
“The funds are invested and can be accessed immediately by a retiree on retirement.’’
Onanuga said more innovations had been introduced into the state pension’s Information Communication Technology infrastructure to ensure that pension operations were flawless and less cumbersome.

contributory pension scheme Lagos State Government pension
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
The Eagle Online

Related Posts

OOU VC harps on effective town-gown relationship to boost research

June 7, 2023

Lai Mohammed bags international lobbying job

June 7, 2023

Fuel subsidy: FUOYE staff laud VC for providing new 60-seater bus

June 7, 2023
© 2023 All Rights Reserved. The Eagle Online.
  • Home
  • Privacy Policy
  • Advert Rates
  • Submit News
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.