“He has cleared the pension backlog up till 2015.
“About N37bn has been released for 9,045 retirees since he assumed office.”
The director-general advised retiring workers in the employ of the state government to study the two options available to them at retirement carefully before making decisions.
According to her, the two options are Programmed Withdrawal and Annuity.
Onanuga, who described some Pension Funds Administrators as hoodwinkers, said they had been deceiving retiring employees into taking wrong decision’s for their own selfish reasons.
“It is important to note that pension fraudsters are still out there; retirees must be vigilant and courageous not to sign negative deals; be wise,” Onanuga said.
She said the commission, between July and December, held a seminar on retirement benefits and documentation in order to guide prospective retirees in the state public service.
“The commission ensured that the 1,200 workers slated for retirement between July and December participated.
“The prospective retirees were equipped with retirement features and healthy lifestyles in retirement among others,” she added.
Onanuga emphasised that it was the responsibility of the prospective retirees to study and master the features.
She said, for instance, a retiring employee ought to have signed up a PFA and his or her monthly contributions remitted into his or her Retirement Saving Account.
“The Lagos State Government approved 13 PFAs for its workers, which they could check out before making their decision,” she added.
Nigeria has always been bedeviled by pension fraud and delays by Government agencies to compute retirees and their dues in time. Stories have abound where state officials keep pension funds in banks to grow interests, resulting in delays before the funds are realised.
Most times, retirees are mandated to travel to Nigeria’s headquarters, Abuja for verification exercises because most Goverment agencies and parastatals have no computing centre for data collation so retirees are required to travel from all regions of the country spanning hundreds of miles for physical verification.