...Disburses N4.2bn Under Defined Benefit Scheme In Two Years

The Lagos State Government has paid N14.71billion as accrued pension rights to 3,494 retirees, an official has said. Besides, N4,203,784,514.49 was paid through the Defined Benefits Scheme, otherwise known as 'Pay As You Go', between May 2019 and March 2021 to ensure that those who retired from the Civil Service enjoy life after diligent service to the State.

Reeling out figures of government expenditure on retirement benefits for public servants, the Commissioner for Establishments, Training and Pensions, Mrs. Ajibola Ponnle, said:

“The present administration also approved a pension bailout of N13 billion in the Year 2020 Budget. A new increment in the Retirement Bond Redemption Funding Rate from 5% to 10% of the total emolument of active workers was implemented to clear the backlog of outstanding pension obligations. This is in addition to the payment of accrued pension rights of N14.171 billion to 3,494 retirees.”

Mrs. Ponnle spoke at the ongoing Y2021 Ministerial Press Briefing at Bagauda Kaltho Press Centre, Alausa, Ikeja, organised as part of activities to mark the second anniversary of Governor Babajide Olusola Sanwo-Olu’s tenure in office.

She said: “Governor Babajide Olusola Sanwo-Olu approved the payment of 33% increment for all State pensioners under the Defined Benefit Scheme and also paid the balance of the 25% rent allowance for officers on Grade Level 07 and above, who retired between May 2000 and August 2004. The Payment took effect in January 2020.”

The Commissioner explained that there are 15 approved Pension Funds Administrators (PFA) and seven approved Insurance Companies that render pension funds management and annuity services to retirees in the State, maintaining that Lagos State is a trailblazer and pacesetter in pension matters in Nigeria, having won awards as the most pension compliant State in the Federation on several occasions.

She stated that in line with Governor Sanwo-Olu’s policy of inclusion, the State Government ensured that pensioners over 70 years old were among the first to get the COVID-19 vaccination, and frequently engages relevant stakeholders such as the Nigerian Union of Pensioners, Association of Retired Heads of Service and Permanent Secretaries on behalf of retirees.

While noting that the State Government has earned recognition for its efforts to enhance the welfare and wellbeing of pensioners, Mrs. Ponnle said the Nigeria Union of Pensioners (NUP), at its 11th Quadrennial National Delegates Conference in Abuja, honoured Governor Babajide Sanwo-Olu with the distinguished award of “Excellence and Greater Commitment to Pensioners' Welfare”.

Speaking on steps taken to boost employee skills and knowledge, Mrs. Ponnle said the State Government launched the Learning Management System, an IT-based training platform with over 4,500 courses available to train staff on various subjects.

According to her, the virtual training platform has 26,076 employees already enrolled for various courses that would sharpen their skills in areas of interest and at their own pace.

Mrs. Ponnle said that a virtual interactive session between members of the Lagos State Executive Council and Civil Service employees was introduced by the Ministry to enable the exchange of ideas on chosen subjects every month. She stated the sessions have been interesting and provided participants with the opportunity to familiarise themselves with EXCO members who had engaged staffers since the initiative was introduced.

https://brandspurng.com/2021/05/26/lagos-pension-rights-3494-retirees/

If only Hope will do same,my dad and other pensioners in IMO needs to be paid seriously and not only paying just give them all their money Biko... The stress these our pensioners and retirees go through before they're paid eeh mouth no fit talk am at a point I told my dad if your strength can't carry you just leave it God won't let us suffer or beg even if they don't pay you. How person go work for 35 years,you deduct his salary that you are saving it for him, okay the person now retired and ya telling him stories why his money can't get to him and you're telling me God is happy with Nigeria, things don't work that way after all Bible said a worker deserves his wages pay these people and have peace of mind simple.

Naso bt waillers will still wail it's like a natural talent. Lagos is King any time any day
Meanwhile somewhere in aba...

is it not there right? why talking as if its a give away?

Our lagos that some people calling no man land.come to ojora or ota dabi isale eko tell them lagos is no man land.

Other state in Nigeria are supposed to be Local Government Areas under Lagos.

How come they owed each person an accrued amount of about N4m on average? Our government needs to do better and pay people their pensions once they are due for it.

God bless Edo- brain child

triple996:
Naso bt waillers will still wail it's like a natural talent.
Meanwhile somewhere in aba...

There are no similar scenes in Lekki, VI, Mushin, Mafoluku, Agege, Badagry etc

How many people has Sanwo-Olu recruited to replace the 3,494 retirees? Do you know or you are too far gone in your hypocrisy to care?

Well, this payment ought to have been done before now however, LASG tried but they can do better. Other states, make una pay pensioners, it's their right.

Meanwhile in Rivers state pensioners are languishing and dying because of backlog of arrears owed. Civil servants haven't been promoted since the inception of Wike government. Some people that are not from Rivers state are praising Wike because of fly over. Wike rules Rivers state like pharaoh.
The rate of unemployment is 100% in Rivers state. It's pathetic.
Workers are scared of retirement in Rivers state because you will see hell before you get your pension and gratuity.

ONLY IF AKEREDOLU OF ONDO STATE AND OTHER GOVERNORS LIKE HIM WILL LEARN A BETTER LESSON HERE
AND DONT ALLOW THE RETIREES TO DIE BEFORE THEY ARE PAID THEIR RIGHTFUL GRATUITIES & EMOLUMENT
LETS SALUTE SANWOOLU FOR A GOOD JOB....THE PRAYERS WITH THE GREY HAIRS OF THESE SENIOR CITIZENS WILL SEE YOU THROUGH.
YOU WILL REAP THE GOOD FRUITS OF YOUR LABOUR. YOU WILL NOT LABOUR VAIN

GboyegaD:
How come they owed each person an accrued amount of about N4m on average? Our government needs to do better and pay people their pensions once they are due for it.

See better person with correct question.
God bless you bros.

ofuonyebi:
ONLY IF AKEREDOLU OF ONDO STATE AND OTHER GOVERNORS LIKE HIM WILL LEARN A BETTER LESSON HERE
AND DONT ALLOW THE RETIREES TO DIE BEFORE THEY ARE PAID THEIR RIGHTFUL GRATUITIES & EMOLUMENT
LETS SALUTE SANWOOLU FOR A GOOD JOB....THE PRAYERS WITH THE GREY HAIRS OF THESE SENIOR CITIZENS WILL SEE YOU THROUGH.
YOU WILL REAP THE GOOD FRUITS OF YOUR LABOUR. YOU WILL NOT LABOUR VAIN

You don't mean it that Ogbeni Akeredolu is owing pensions.
Are you sure of your information

anonimi:


See better person with correct question.
God bless you bros.

It is painful because N4m is too much to owe a pensioner. The worst is the CBN devalues the naira two days ago, now this money lost value again before they are even paid.

Lagos State : The State of Firsts.

God bless Lagos State.
God bless Nigeria.

Igbos should come tell us how much Abia Ebonyi etc paid their pensioners. Small time they will say Sawnolu is pointing governor.

Beta a pointing governor than an irredeemable failure like the fat fool Ikpeazu.

To the fools that will say is it not his duties they should tell us the last time their state performed this simple task.

How I wish Enugu state governor can remember workers who had given their 35yrs yet no shishi(gratuity) for 8 years now..

When I see the suffering of most retirees in Enugu state, I wonder what's the essence of clamoring for Biafra when u don't give a F*ck about ur own people..

Great! But I believe they can do better as most have to wait for over 2 years before they have access to their entitlement and pension.

Best governor , People only hate him because of tinubu

anonimi:


There are no similar scenes in Lekki, VI, Mushin, Mafoluku, Agege, Badagry etc

How many people has Sanwo-Olu recruited to replace the 3,494 retirees? Do you know or you are too far gone in your hypocrisy to care?

where have you been?
you just went into hibernation?

AntiAPC2023:
where have you been?
you just went into hibernation?

No be me do am o..................na dem mods for here send me go hibernation with a long ban...............but no shaking

Toosure70:
Best governor , People only hate him because of tinubu

Best because he has matched, not even surpassed o, what Jakande and Awolowo did in four and six years respectively for housing, education, water, roads, healthcare, agriculture, industrialisation, cooperatives etc?
Are you alright or do you need a quick check in at Yaba left

Apus:
Great! But I believe they can do better as most have to wait for over 2 years before they have access to their entitlement and pension.

I am sure that ThiefnuIbu, Fash-Ole and Amb-Ole with their deputy governors don't wait so long to get the crazy pension that Osinbajo crafted in 2007 for them. Or you think that those looters wait for their own pensions

RuudVanNisteroy:
Speaking concerning the bill, Oluyinka Ogundimu (Agege 2), explained that the bill is to ensure the stoppage of pensions to governors and deputies when they leave office adding that this decision was in consideration of the country’s current economic challenges.

Ogundimu argued that the governors and their deputies and other such political office holders should be made to enjoy some benefits no matter how little.

He also argued that the bill should be amended in such a way that it would not throw former political officers to security challenges since if the original law is repealed, it would mean withdrawing all security agents and domestic staff earlier attached to them.

In his remarks, Gbolahan Yishawu (Eti-Osa 2), said the objective of the bill as raised by the executive is to ensure that the state begins to look inward in relation to the cost of governance.

He added that by virtue of his position as chairman of the committee on economic planning and budget, he has had the opportunity to check the finances of the state and would say Lagos is not very rich, but only has people who effectively manage its resources.

Yishawu also agreed that the security of the lives of such political office holders when they leave office should be considered, adding that the bill be committed to a committee.

Another lawmaker, Rotimi Abiru (Shomolu 2), said he supports an amendment to the law instead of repeal.
“For a person who has served as chief executive of a state, I do not think it is nice denying them of their benefits.

“I can appreciate that some of them move to other appointments. For these people, there can be a caveat. But for those who serve in that capacity and do not have any other thing to do after office, it may not be something elaborate, but something may be coming to them periodically,” he said.

The lawmaker representing Epe Constituency 1, Tobun Abiodun, said he does not subscribe to a total repeal of the law because it would give room to corruption in office.

He said provisions should be made available to governors, deputies and possibly speakers after they leave office.

https://punchng.com/lagos-lawmakers-oppose-stoppage-of-pension-for-tinubu-fashola-ambode-others/

anonimi:


See better person with correct question.
God bless you bros.

He is not better. He is just a lousy and uninformed person like you.
The retirees are paid as they are leaving. Go and read the article again or get in touch with Lagos pensioners. Lagos is not your usual Abia state where pensioners are owed for years

Why does nigeria make paying pension look like its something that should be celebrated
This money is the persons money that was deducted from his or her salary and saved for him or her. it is not like you are giving the person some free cash.
Why do you delay it and make it look like you are giving them some free cash and expect them to be excited?
stop using peoples pension to save in banks in other to receive interest at that detriment .
these are the type of things nigerians should protest about. Instead na uselss thinks like ensars , baba ijesha them go dey protest against

Meanwhile, one addict is owing backlog of salaries at the same boosting of how his devilish party will suffer if he leaves yet the wailing wailers are applauding as if has just ...

Jimasun:
He is not better. He is just a lousy and uninformed person like you.
The retirees are paid as they are leaving. Go and read the article again or get in touch with Lagos pensioners. Lagos is not your usual Abia state where pensioners are owed for years

Your jimasun needs to go back to sleep so you can wake up properly so you stop being lousy and uniformed while posing around in your stark ignorance.

rodeo0070:
She said: “Governor Babajide Olusola Sanwo-Olu approved the payment of 33% increment for all State pensioners under the Defined Benefit Scheme and also paid the balance of the 25% rent allowance for officers on Grade Level 07 and above, who retired between May 2000 and August 2004. The Payment took effect in January 2020.”

https://brandspurng.com/2021/05/26/lagos-pension-rights-3494-retirees/

Can someone show okowa of Delta state this new !!!!!

Okowa do something