Ademola Adeleke, Governor of Osun State, has authorized a sum of three billion, three hundred million Naira (N3,300,000,000.00) for the payment of accrued retirees’ entitlements (bond certificates) of workers who retired under the Contributory Pension Scheme in the state.
The state government announced this on Thursday in Osogbo, through a statement issued by Ayanleye Aina, the State Head of Service.
According to the statement, N1.5 billion of the total sum is set aside for retirees at the state level, which include ministries, departments, agencies, secondary school teachers, and higher institution workers.
The remaining N1.8 billion, according to the statement, is for retired local government employees as well as junior and elementary school staff across the state.
The statement reads:
“Of this amount, N1.5 billion is for retirees at the state level, comprising ministries, departments, agencies, secondary schools, and tertiary institutions, while the sum of N1.8 billion is for those who retired in the local government service, junior, and primary schools across the state. The fund approved is undergoing due process at the Bureau of Public Service Pension and the Local Government Staff Pension Board.
“It should be noted that this approval is apart from the regular monthly payment of pension and gratuities to retired public servants under the old pension scheme across the entire public service.”
Recalls that the welfare of workers and retirees ranked first on Governor Ademola Adeleke’s five-point action plan for the state.
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cc: Daily Post Ng
