LASU Vice Chancellor Prof. Olatunji Bello Stresses Retirement Preparation Guidelines

Vice Chancellor Professor Ibiyemi Olatunji-Bello emphasized the critical importance of equipping staff with essential knowledge and guidance for the retirement process.

LASU Vice Chancellor Prof. Olatunji Bello Stresses Retirement Preparation Guidelines
Prof. Ibiyemi Olatunji-Bello

Addressing attendees at the 2nd sensitisation lecture series organized by the Lagos State University Pension Board of Trustees, Vice Chancellor Professor Ibiyemi Olatunji-Bello emphasized the critical importance of equipping staff with essential knowledge and guidance for the retirement process.

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In her speech, Professor Olatunji-Bello highlighted the primary objective of the sensitization lecture: to provide staff members with the necessary information and support to navigate retirement seamlessly. She underscored the significance of meticulous preparation, especially for employees set to retire within the next year.

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"It is important to mention that an employee who is to retire in the next one year should ensure that he/she puts every record with the Pension Fund Administrators (PFAs) in order," stated the Vice Chancellor. She stressed the need to address any discrepancies in name and age to prevent potential issues. Additionally, Professor Olatunji-Bello emphasized the importance of regular signature updates to avoid administrative complications. Monitoring next of kin and other requirements was also highlighted as essential for a smooth transition into retirement.

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The Vice Chancellor's remarks underscored the university's commitment to supporting its staff members throughout their professional journey, from recruitment to retirement. By providing comprehensive guidance and highlighting key considerations, Lagos State University aims to ensure that employees are well-prepared for the next phase of their lives, promoting financial security and peace of mind.