Lagos set to review pension payment to families of deceased staff

Posted by News Express | 9 December 2015 | 2,815 times

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The Lagos State Government is presently reviewing payment of an additional 20 percent of accruable rights to the family of a deceased staff apart from the basic entitlements under the State Pension Law 2007.

According to a statement issued Tuesday by the State Ministry of Finance, the proposal is part of efforts by the Akinwumi Ambode administration to provide succour and ameliorate the effects of the death in active service of any staff on family members and relatives.

The statement also disclosed that the State Government has extended the Accident Insurance Policy for all her employees to cover accidental acts during the active service years of the concerned staff regardless of the period of occurrence, “including weekends, unlike in the past where the policy was only accessible to staff who were injured during working days and hours.”

The statement emphasised that “the State Government will continue to play the lead role in prioritising the welfare of all those in its employ while in active service and will make provision for commensurate financial welfare and succour for them in case of unexpected occurrence while on duty.”

News Express reports that the Lagos State Pension Reform Law 2007 stipulates that the life insurance policy will be made mandatory for employees through the appropriate insurance company to pay money that is up to three years basic emoluments of the concerned staff, comprising of Basic Salary, Housing Allowance and Transport Allowance as benefits for the relative in case of an employee’s death while in service.

•Photo shows Governor Ambode.

Source: News Express

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