A sum of two point zero-one-seven billion naira has been paid as retirement benefits to six hundred and forty-four retirees by the Lagos State Government.

The state government says payment represented the retirees’ past service benefits prior to the commencement of the Contributory Pension Scheme in 2007.

Director-General, Lagos State Pension Commission, Babalola Obilana, disclosed this at the 101st batch Retirement Bond Certificate presentation for retirees in Lagos State.

Obilana noted that the event was organised to celebrate a significant milestone and exceptional retirees who had dedicated their time, energy and talents to the service of Lagos State.

According to him, it is indeed an honour to recognise and commend the retirees’ hard work and commitment demonstrated throughout their years of service to Lagos State.

In his words, this retirement bond certificate presentation is not just a formality; it is a moment to reflect upon the remarkable contributions you all have made, saying their unwavering dedication has helped to shape Lagos State into the Centre of Excellence it is today.

“These retirement bond certificates symbolise more than just financial rewards; they represent the trust and confidence we have in our retirees.

“They are a testament to the lasting impact you have made just as your dedication has been the bedrock of the goal of a greater Lagos State,’’ Obilana said.

In his remarks, Permanent Secretary, Lagos State Ministry of Establishments, Training and Pensions, Olawale Musa, lauded Governor Babajide Sanwo-Olu for prioritising the welfare of the public service workforce even in retirement.

Musa advised the retirees to be prudent with their money and to be careful about choosing investment options.

He also admonished the retirees to feel free to reach out to LASPEC or to the ministry for any pension-related information or further clarifications.