The Lagos State Government says it has paid over eighteen billion naira into the retirement savings account of over three thousand retirees in the state service since inception.
The state Head of Service, Adesegun Ogunlewe made this known at the eighth retirement bond certificate presentation ceremony in Alausa.
Ogunlewe who represented Governor Babatunde Fashola said the money is the accrued pension rights which is made up of gratuity and pension benefits for entitlements under the old scheme.
The head of service said the government is paying over three point five billion naira for the seven hundred and eighty retirees in the eight batch.
For his part, the Director General of the State Pension Commission, Rotimi Hussain said the state is committed to ensuring a better retirement life for the employees of the state.