Osun Governor Approves N1.63bn Bond Certificates for Contributory Pension Scheme Retirees    - The Top Society

Osun Governor Approves N1.63bn Bond Certificates for Contributory Pension Scheme Retirees   

TOPSOCIETYNG

Taking a step to enhance the well-being of retirees in Osun State, Governor Ademola Adeleke has given the green light for the release of bond certificates totaling N1,625,332,835:75.

The announcement, outlined in a release signed by Mr. Ibrahim Akibu, the Permanent Secretary of the Local Government Staff Pension Bureau, was made public in Osogbo on Wednesday.

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The bond certificates are earmarked for retirees who have exited the service under the Contributory Pension Scheme, with a particular focus on pensioners who were formerly employed as primary school teachers and local government staff.

Part of the statement reads,

“The total beneficiaries are 346: Primary school teachers, 182 beneficiaries. Local government, 164 beneficiaries. 

“The presentation of the bond certificates is a continuation of the commitment of the state government to workers’ welfare, in and out of service. 

“This is another phase in fulfillment of Governor Adeleke’s open resolve to clear backlogs of salaries, pension, and emoluments issues within the public service.” 

He added that this initiative aligns with Governor Adeleke’s ongoing efforts to settle inherited half salaries and outstanding emoluments owed to public servants from previous administrations.

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