Lagos State Government said it presented Retirement Benefit Bond certificates worth N821.56m to 297 public service retirees.
A statement said, while welcoming the retirees at the 63rd retirement benefit bond presentation ceremony in Lagos, the Director-General, Lagos State Pension Commission, Mrs Folasade Onanuga, explained that there were two benefit options available under the Contributory Pension Scheme dispensation.
She assured the retirees that the government’s interest in the well being of retirees was paramount.
Onanuga reiterated the fact that Governor Babajide Sanwo-Olu, was an establishment person, having served previously in many capacities in the state and was once the commissioner in charge of the Ministry of Establishments and Pensions.
She urged all the beneficiaries to take very good care of their health and physical being as well as desist from frivolous spending.
According to the statement, one of the retirees who served in the local government, Mr O. Abayomi, appreciated the state government on behalf of his fellow retirees for the continuity of payment of accrued pension rights.