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From Lateef Dada, Osogbo
Osun State Governor, Ademola Adeleke, on Thursday presented bond certificates to 119 retirees across the civil service, parastatals, and tertiary institutions in the state.
He said the new bond of N632,952,655.56 made it N1.528bn that his administration had released for retired workers of both State and Local Government while a sum of N350m had equally been released as gratuities to retired staff of local governments, primary schools, secondary schools, tertiary institutions, civil servants, staff of parastatals, etc.
“Today, 119 retirees cutting across the civil service, parastatals, and tertiary institutions are being given their bond certificates totaling N632,952,655.56.
“For local government service, 62 retirees are to be given bond certificates totaling N205,428,602.07. Primary school retirees totaling 92 will be given bond certificates totaling N621,819,731.03.
“In summary, our government has so far released a sum of N1.528bn for bond certificates for retired workers of both State and Local Government while a sum of N350m had equally been released as gratuities to retired staff of local governments, primary schools, secondary schools, tertiary institutions, civil servants, staff of parastatals, etc.
“Under the Contributory Pension Scheme, I ordered the release of a sum of N700m between November 2022 and January 2023 for bond certificates for retirees at the State level.
“For retirees at the Local Government level, I approved the sum of N828m for bond certificates for retirees in primary schools and local governments between November 2022 and January 2023.
“At the State level, from the inception of the administration to the end of January 2023, a sum of N200m has been paid as gratuity.
“At the local government level, the sum of N150m has so far been released as a gratuity to retired local government staff and primary school staff,” he added.
Earlier in his address, the Head of Service, Leye Aina, said a sum of N350 million is now being released monthly for the contributory pension scheme as against the former sum of N175 million.
He said, “similarly, a sum of N100 million is being released as gratuity under the old pension scheme as against the former N50 million. As for the Local Government Service, a monthly sum of N400 million has been approved for the CPS while N150 million is being released for the old pension scheme,” he explained.
