Governor Ademola Adeleke of Osun State has approved N3.3 billion for the payment of accrued pension rights (bond certificates) to workers who retired under the Contributory Pension Scheme across the state.
This announcement was made in a statement on Thursday by the State Head of Service, Ayanleye Aina.
According to the statement, N1.5 billion has been allocated for retirees at the state level, including those from Ministries, Departments, Agencies, secondary schools, and tertiary institutions.
More so, the statement revealed that an additional N1.8 billion is set aside for retirees from local governments and junior and primary schools across the state.
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Furthermore, the statement stated that the funds are currently undergoing the required due process at the Bureau of Public Service Pension and the Local Government Staff Pension Board to ensure proper disbursement.
“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 whole gamut of the public service.
“It will be recalled that workers and pensioners welfare top the 5- 5-point Action Plan of Governor Ademola Adeleke – led administration in the State. The Governor has been keeping with this promise since he came on board in November 2022 going by his unhindered love for public servants and the entire citizens of the state”, the statement added.
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