Oyetola
Osun State Governor, Mr Adegboyega Oyetola, on Thursday, presented bond certificates worth N1.156billion to another set of pensioners in the State.
He also ordered the immediate implementation of the 65 years retirement age and 40 years of length of service for teachers in public schools across the state. This is in fulfilment of the pledge he made to workers during the last May Day celebration in the state.
Speaking at the bond presentation ceremony held at the Multi-purpose Hall, Local Government Service Commission, State Government Secretariat, Abere, Osogbo, Governor Oyetola disclosed that his administration has so far expended over N43billion on payment of pensions.
Governor Oyetola said despite the limited resources available to the State government, his administration had continued to fulfil the monthly obligation and irrevocably committed to the payment of pensions and gratuities of retirees under the old pension scheme.
He said, “As of today, we have committed a little over 43billion naira to the payment of pensions, all in a bid to ensure that our senior citizens are adequately taken care of, having served our dear State meritoriously. This, we are committed to doing unabated, not minding the precarious financial situation of the State occasioned by the economic downturn in the country.
“Let me also use this opportunity to inform you all that our administration is set to commence the implementation of the sixty-five (65) years of age and forty years (40) length of service for teachers in Public Schools across the State. This is in line with my pronouncement during the May Day celebration this year and in adopting the Federal Government policy on the matter as amended.
“I must emphasise that this initiative was taken without any pressure from any Union but as part of the packages this administration has for teachers in our State so that they can enjoy the same opportunity with their colleagues throughout the Country.”
Meanwhile, the bond certificates were presented to 162 retirees comprising primary school teachers, local government staff and those in the core civil service, parastatals and state-owned tertiary institutions. They all expressed joy over the bond certificates presented to them.
A further breakdown shows that 93 retirees from local government service and primary schools were presented N656,304,000 bond certificates while 69 retirees from the core civil service, parastatals and tertiary institutions got a total of N500million bond certificates.
Governor Oyetola said despite the limited resources available to the State government, his administration had continued to fulfil the monthly obligation and irrevocably committed to the payment of pensions and gratuities of retirees under the old pension scheme.
“Let me also use this opportunity to inform you all that our administration is set to commence the implementation of the sixty-five (65) years of age and forty years (40) length of service for teachers in Public Schools across the State. This is in line with my pronouncement during the May Day celebration this year and in adopting the Federal Government policy on the matter as amended.
“I must emphasise that this initiative was taken without any pressure from any Union but as part of the packages this administration has for teachers in our State so that they can enjoy the same opportunity with their colleagues throughout the Country.”
The Governor expressed gratitude to the workers most importantly the organised Labour, for their unalloyed support and high sense of understanding towards the sustainability of the whole gamut of pension matters in the State.
Earlier, the Permanent Secretary, Bureau of Local Government Staff Pension Bureau, Mr Kayode Aliu Afolabi, said the Contributory Pension Scheme under the administration of Governor Oyetola had recorded many achievements among which are regular remittances into employees’ retirement Savings Account Funding of the Accrued Rights Account and Settlement of death benefits of deceased contributors.
“It is pertinent to mention that the successes recorded in the Scheme so far are due to the passion and resilience of Mr Governor in seeing to the welfare of the people of the State even in the face of a dearth of funds. I thank Mr Governor for his support and commitment to the Scheme, particularly to the welfare of retirees,” Afolabi noted.
Also speaking, the State Chairman, Nigeria Labour Congress, NLC, Comrade Jacob Adekomi and State Chairman, Nigeria Union of Teachers, NUT, lauded Oyetola for his tremendous support for workers in the State, noting that the new feat was a clear manifestation of the love the Governor has for teachers and the teaching profession.
“The present generation of teachers in the state cannot thank you enough for your kind gesture, the upcoming generations shall inherit and keep going with it for years,” Adekomi said.
IN CASE YOU MISSED THESE FROM NIGERIAN TRIBUNE
Oyetola presents N1.156b bond certificates to Osun retirees, spends over N43b on pensions
"I kept quiet because, at that point, I believed that I won the election and…
THE Academic Staff Union of Universities (ASUU) has lauded the Federal Government for scrapping foreign…
• Says Brands must know their customers to enhance loyalty A marketing communications practitioner,…
NIGERIAN shipowners are currently in a state of confusion over possible mergers and collaboration following…
• 11 Discos received 203,116 complaints in H2, 2020 • Members spent N1.11trn on alternative…
The nation’s commercial banking, ride-hailing, and telecommunications sectors dominated the list of brands that demonstrated…
This website uses cookies.