Gov. Adeleke presents N632m bond certificates to Osun retirees
Adeleke, while presenting the certificates to the beneficiaries, said that 119 retirees, cutting across the core civil service, parastatals, tertiary institutions, local government and primary school teachers retirees would benefit from the bond.
The governor said since inception of his administration, he had released N1.528 billion bond certificates for state and local government retirees, while N350 million had been released for payment of gratuities.
Under the contributory pension scheme, Adeleke said he had released N700 million bond certificates for retirees at the state level between Nov. 2022 and Jan.
” For retirees at the Local Government level, I approved the sum of N828 million bond certificates for retirees in primary schools and local governments between Nov. 2022 and Jan., 2023.
“I have also acted with respect to the Old Pension Scheme.
“At the State level, from inception of the administration to the end of January, 2023, a sum of N200m had been paid as gratuity.
“At the local government level, the sum of N150m had so far been released as gratuity to retired local government staff and primary school staff.
“Let me make this clear. I am not doing you any favour. I am only fulfilling the task you voted me to do.
“It is in that spirit that I am extending this attention to the contributory pensioners.
“Since I took over the administration of this state, my constant focus is how best to resolve all outstanding workers related debts.
” It is unacceptable for a government to treat its pensioners the way the past government had done.
” I had decided never to follow that path. Workers, in and out of service, deserve their due emoluments..
“It was in that spirit that I attended to the issue of half salary.
“We are paying it and we will clear all out standing based on our people-oriented template”, he said.
In has remarks, Mr Leye Aina, the Head of Service, said that N350 million was now being released on monthly basis for the contributory pension as against the former N175 million.
Aina also said that N100 million was being released as gratuity under the old pension scheme as against the former #50million.
As for the Local Government Service, the head of service said a monthly sum of N400million had been approved for the contributory scheme, while #150million was being released for the old pension scheme.
” It is also very important to mention that the state government had continued the regular payment of monthly pension at the State level in the range of N500million.
” And in the range of N348 million at the local.government level, while the monthly remittances to the Pension Fund Administrators continue unabated,” he said.(www.amatropics.com)
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