Gov. Akinwunmi Ambode of Lagos
State has approved the release of N11 billion to offset all pension liabilities
in the state accrued since 2010.
This is contained in a statement by the
state’s Head of Service, Mrs Shade Jaji, in Lagos on Wednesday.
Jaji said that the move was to bring succour
to all retirees in the state’s public service.
She said that release of the fund was also
part of measures by government to find a holistic solution to payment of
pension to retirees under the PAY AS YOU GO scheme.
She added that accrued pension rights due to
retirees under the Contributory Pension Scheme would also be taken care of.
''The state government has developed a
comprehensive payment plan to resolve all outstanding pension issues in the
immediate (short), medium and long terms.
''The short and immediate term plan is for
pension payments to MDAs and Parastatals, including local governments and
SUBEB, which will be made monthly, commencing from August 2015,’’ Jaji said.
She explained that effort of government was to
reduce, if not totally clear outstanding liabilities due to retirees in the
state.
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