Ambode to settle N11bn pension debts

The Lagos state government has released N11 billion to pay off pensions owed since 2010.

The Head of Service, Folashade Jaji said this on Wednesday.

She said, “The development is part of efforts put in place by the present administration to find a holistic solution to the issue of payment of pension entitlements to retirees under the pay-as-you-go pension scheme which was discontinued in April 2007, as well as outstanding accrued pension rights due to retirees under the contributory pension scheme.”

Jaji added that the government had developed a comprehensive payment plan to resolve all outstanding pension issues in the short, medium and long terms.

“The short or immediate term plan is for pension payments to ministries, departments and agencies and parastatals, including local government areas and SUBEB, which will be made monthly commencing from August, 2015,” she explained.

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cool good eh love2 cute confused notgood numb disgusting fail