LASG Explains Use of Electronic System in Pension Administration

The Lagos State Government (LASG) said it has employed the use of digital and electronic system of pension management in order to ensure effective and efficient administration of pension.

The state governor, Akinwunmi Ambode, who disclosed this in his opening address at the training for Senior Staff Members of the Lagos State Civil Service Pension administration held recently in Lagos, noted that pension in Nigeria, has been haphazardly handled over the years, resulting in huge pension arrears and the subjection of pensioners to untold hardship.

Ambode, at the training themed, ‘Digital and Electronic Administration of Pensions in Lagos State, was represented by the Commissioner, Lagos State Ministry Of Establishments, Training and Pensions, Dr. Benson Oke.

He said the training organised by the Civil Service Pensions Office of the Ministry of Establishments, Training and Pensions has become necessary because digital and electronic administration of pensions entrenched by the state is crucial to effective and efficient administration of pension in the State.

According to him, the sufferings of Nigeria pensioners in the past years, call for reforms across board on pension matters and that Lagos State Government is aiming at assuring the sustainability of the series of digital and electronic mechanisms and innovation now enshrined in the processes of its Civil Service Pensions Office ( CSPO).

He explained that the CSPO has been responsible for processing of terminal benefits of staff who exit the system by way of statutory or voluntary retirement, noting that this is for pensioners who disengage on the “Pay As You Go” Scheme.