Sanwo-Olu committed to retirees welfare

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Mrs. Folashade Onanuga, DG, Lagos Pension Commission, (LASPEC)

The Director-General, L a g o s P e n s i o n C o m m i s s i o n , LASPEC, Mrs. Folashade Onanuga, has reaffirmed the commitment of the present a d m i n i s t r a t i o n o f M r . Babajide Olusola Sanwo-Olu to the welfare of retirees saying, Governor Babajide Sanwo-Olu is focussed on ensuring that the payment of accrued pension rights c o n t i n u e s u n h i n d e r e d monthly.

Mrs. Onanuga disclosed this during a recent presentation o f R e t i r e m e n t B o n d Certificates totalling N784, 690,000 to 266 retirees at LASPEC office, NECA House, Business District, Alausa, Ikeja, Lagos.

Onanuga urged all the beneficiaries to be extremely cautious and careful when deciding what to do after retirement, advising them not to succumb to any pressure in the choice of Annuity or Programmed Withdrawal benefit options and patiently explaining the nitty-gritty of the two options for receipt of monthly pension to the retirees.

She further advised them to consider their individual circumstances before making choices, saying they should not invest the money in businesses they have little or no knowledge about.

In appreciation, the retirees a p p l a u d e d t h e n e w administration and wished Governor Babajide Sanwo- Olu’s government the best as he continues in his mission to take Lagos State to a higher level.

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