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Lagos pays N66b pension benefits to 14,468
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Lagos pays N66b pension benefits to 14,468

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The Lagos State government through the Ministry of Establishments, Training and Pensions has paid pension benefits of over N41 billion to pensioners who retired under the Pay As You Go Scheme in two years.

Another N25.8 billion was paid  into the Retirement Savings Account (RSA) of 5,956 retirees under the Contributory pension Scheme (CPS).

The amount totalling N66 billion was paid in two years to 14, 468 pensioners drawn from the new and old scheme.

The Commissioner, Ministry of Establishments, Training and Pensions, Dr Akintola Benson, spoke while rendering account of the governor’s activities of the ministry at a press briefing marking the second anniversary of the inauguration of Lagos State governor, Akinwunmi Ambode.

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