The Lagos State Government, through its Pension Commission, LASPEC, has paid N170 million insurance benefits to beneficiaries of deceased employees. Director-General, DG, LASPEC, Mrs. Folashade Onanuga made this known during the 2016 Senior Citizens/Pensioners Day celebration, in Ikeja. Onanuga said:
“Today, we are celebrating the beginning of your financial independence. Retirement Benefit Bond Certificates will be presented to a total number of 495 retirees. The amount that will be redeemed into the Retirement Savings account of the beneficiaries is N1.9 billion. Terminal salary.“
