Emmanuel Thomas, Lagos
August 5, 2015 – Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday directed that pension cash assets in the sum of N11billion be deployed to pay pension liabilities arrears since 2010.
The pension arrears covers retirees in mainstream civil service, local governments and parastatals.
Head of Service, Mrs. Shade Jaji said the development is part of efforts by the present administration to find 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 pension rights due to retirees under the Contributory Pension Scheme.
Jaji said that the Lagos State Government has developed a comprehensive payment plan to resolve all outstanding pension issues in the short, medium and long term.
The short and immediate term plan, according to her, is for pension payments to ministries, departments and parastatals including local governments and State Universal Education Board (SUBEB), with effect from August, 2015.
She said that the above efforts are the outcome of painstaking deliberations by the Public Service Pensions Office, the Lagos State Pensions Commission, the Head of Service and the empathy of Governor Akinwunmi Ambode to reduce, if not totally clear the outstanding liabilities due to retirees in the mainstream public service, Local Government/SUBEB and Parastatals in the State.
