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Pension: Lagos is most compliant state

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With a contribution of N51.6 billion to the nation’s N4.3 trillion pension fund assets, and its consistency in the payment of pension benefits to retirees, the Federal Government has declared Lagos State as the best out of the 36 states in the country.

It also praised the state for adopting and implementing the Contributory Pension Scheme (CPS) in compliance with the provisions of the Pension Reform Act, 2004.

In recognition of this feat and to further encourage the state, President Goodluck Jonathan awarded Lagos a gold trophy in Abuja, during a dinner organised to commemorate the 10th year anniversary of the CPS in Nigeria. Continue Reading

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