Adeleke presents N2.1bn bond certificates to retirees

Gov. Ademola Adeleke of Osun on Thursday presented bond certificates worth N 2.1 billion to state and local government retirees under the contributory pension scheme in the state.

Adeleke, during the presentation of the certificates said the N1.24 billion bond certificates would be given to local government and primary school retirees.

The governor said from the inception of his administration, the sum of N 8.57 billion had be released for the payment of pension for retirees in the local government and primary school teachers.

He also said the sum of N836.8 million bond certificates would be given to retirees at the state level.

Adeleke said between November 2002 till date, the sum of four billon had been released for the payment of gratuity and accrued rights benefits of retirees under the contributory pension scheme.

Adeleke said this was in addition to the sum of N3.6 billion committed to the payment of pension from December 2022 till date.

He disclosed that his administration had paid the sum of
N4.92 billion as gratuity and accrued benefits to retirees at the state level under the contributory pension scheme till date.

The governor added that his administration would play politics with the welfare of the retirees in the state.

“I, therefore, appeal to pensioners of all categories that we have them in mind.

“We are determined to satisfy their aspirations and make life more enjoyable for them,” he said.