Sanwo-Olu said this at the Lagos State Pension Commission 90th batch mega bond presentation for retirees.
Sanwo-Olu said the state government had also paid over N1.5 billion into the Retirement Savings Accounts of 421 Retirees with their Pension Fund Administrators in addition to their monthly contribution for the month of November. “Lagos State has continued to be the leading light, not only in the administration of pension benefits but generally in good credible governance.
In his opening address, Mr Babalola Obilana, Director-General, LASPEC, said the commission is constantly reviewing its business processes in line with its role as the regulatory body for pension in the state.“The commission is facilitating the review of the Lagos State Pension Reform Law to eradicate bottlenecks in the processing of retirement documents and hasten access to pension benefits.
He noted that the state government has consistently prioritised pension contributions in the annual state budget and does not owe monthly pension contributions.
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