Home News State By State Osun Govt Presents N867m Worth Of Bonds To 154 Retirees

Osun Govt Presents N867m Worth Of Bonds To 154 Retirees


By Deborah Oladejo, Osogbo

Osun State government has presented over N867 million worth of bonds to 154 retirees in the state.

The Permanent Secretary, Bureau of Local Government Staff Pension, Mr Kayode Afolabi disclosed this while presenting the Bond Certificates to the beneficiaries under the Contributory Pension Scheme Programme of the state at the Local Government Service Commission, Osogbo.

According to him, the scheme also ensures that civil servants receive their entitlements as and when due because it establishes and implements a set of rules and regulations for the administration and payment of retirement benefits to retirees.

He stated that 76 retired primary school teachers were given N604,049,941,54 while 78 retired local government staff got N 263, 509,517,00.

Addressing the beneficiaries,   Afolabi eulogized governor Gboyega Oyetola for his commitment to the welfare of pensioners and workers in the state.

He said the Contributory Pension Scheme was aimed at assisting civil servants to save towards their future.

He said in addition to payment of accrued rights, there is the regular payment/remittance of employees contributions and government counterparts funds into Retirement Saving Accounts (RSAs) of workers.

The permanent secretary emphasized that the presentation is no  doubt is a huge Commitment on the part of the Government, particularly in this period of economic challenges.

Earlier in his welcome address, the Commissioner for Local Government and Chieftaincy Matters, Hon. Adebayo Adeleke urged those who are yet to get their bonds to exercise patience with the government.

Adeleke said the Gboyega Oyetola-led administration is committed to the welfare of workers and pensioners in the state.

Speaking on behalf of the beneficiaries, Mr Oladapo Omotosho appreciated the state government saying it was indeed a promise-kept notion.

He assured Governor Oyetola of their support before, during and after the next year gubernatorial election in the state saying one good term deserves another.




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