The Lagos State Government says it has disbursed N168.2 billion to more than 48,000 retirees under the state’s Contributory Pension Scheme since 2007.
The government disclosed this in a statement on Tuesday while responding to concerns raised by some retirees over pension payments in the state.
According to the government, the Lagos State Pension Commission (LASPEC) has paid N92 billion in accrued rights to more than 25,000 retirees between May 2019 and August 2026.
It explained that accrued rights comprise the gratuity and pension components owed to retiring public servants.
The government said the state increased its pension contribution rate in 2020 to 10 per cent for employers and eight per cent for employees, describing the move as part of efforts to strengthen the pension scheme.
It also highlighted a N5 billion payment made to 1,963 retirees in July 2024, which it said cleared the outstanding backlog of pension obligations under the Contributory Pension Scheme.
The government added that it had introduced expedited gratuity payments for sick pensioners, while their pension components continued to be paid into their Retirement Savings Accounts.
It said welfare programmes were also being organised twice yearly to provide additional support to retirees amid rising living costs.
For retirees under the Defined Benefits Scheme, the government said it extended the N25,000 wage award given to serving state workers to more than 10,000 retirees between December 2023 and February 2024.
According to the government, this was followed by pension increases of 20 per cent and 28 per cent in March 2025.
It added that in May 2026, the state matched the Federal Government’s N32,000 pension wage award for its Defined Benefits Scheme retirees.
The government said the various interventions had increased the pension wage bill by more than 100 per cent.
It further disclosed that LASPEC had paid more than N4 billion to 1,862 retirees in 2026, with an additional N1 billion expected to be disbursed to another 700 retirees within a week.
The state government maintained that the measures reflected the administration’s commitment to improving the welfare of retired public servants and ensuring timely payment of pension benefits.
