The National Pension Commission (PenCom) has assured retirees in Lagos State that it will work on their concerns about pension increases. These retirees are part of the Contributory Pension Scheme (CPS) and have been worried about delays in getting approved pension raises. PenCom understands how important it is for retirees to receive their benefits and has been in talks with the Lagos State Government and the Lagos State Pension Commission (LASPEC) to address these issues. They are looking into how to implement the necessary pension adjustments, which involves checking who is eligible, what changes need to be made, and ensuring there is enough funding. The commission is committed to working with all involved parties, including pension fund administrators and retiree representatives, to resolve these matters in a clear and fair way. They promise to continue overseeing the pension system to make sure everything follows the law and that retirees' interests are protected.
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