The Osun State Government on Wednesday presented over N507 million worth of bonds to 90 retirees in the state.
The Permanent Secretary, Local Government Staff Pension Bureau, Mr Kayode Afolabi made this known while presenting the Bond Certificates to the beneficiaries under the Contributory Pension Scheme Programme of the state at the Local Government Staff Pension Bureau, State Secretariat, 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 51 retired primary school teachers were given the sum of N 350,284,075.44 while another 39 retired Local Government staff got a total sum of N 157,295,770.06.
Addressing the beneficiaries, Mr Afolabi eulogized governor Gboyega Oyetola for his commitment to the welfare of pensioners and workers in the state.
Afolabi said “the Contributory Pension Scheme was aimed at assisting civil servants to save towards their future.
Earlier in her welcome address, the Director of Pension, Local Government Staff Pension Bureau, Mrs Motunrayo Ajayi urged those who are yet to get their bonds to exercise patience with the government.
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