The payment was made at the 101st batch Retirement Bond Certificate presentation for retirees, held in Alausa, Ikeja.

Speaking at the event, Director-General of the Lagos State Pension Commission (LASPEC), Mr. Babalola Obilana, stated that the payment represented the retirees' past service benefits before the commencement of the Contributory Pension Scheme (CPS) in 2007. He emphasized that the event was organized to honor exceptional retirees who had dedicated their time, energy, and talents to serving Lagos State.

Obilana expressed admiration for the retirees' hard work and commitment over the years, highlighting their role in shaping Lagos State into the Center of Excellence it is today. He noted that the retirement bond certificates symbolized more than financial rewards; they symbolized the trust and confidence the state had in its retirees and recognized their lasting impact.

Mr. Olawale Musa, Permanent Secretary of the Lagos State Ministry of Establishments, Training, and Pensions, commended Governor Sanwo-Olu for prioritizing the welfare of the public service workforce, even in retirement. He offered advice to the retirees, urging them to manage their finances prudently and make careful decisions regarding investment options.

Musa also encouraged the retirees to reach out to LASPEC or the ministry for any pension-related information or clarifications, assuring them of continued support. He commended the retirees for their exceptional contributions and dedication to the development of Lagos State, wishing them a retirement filled with joy, fulfillment, and new experiences.

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