BY TIMOTHY AGBOR, OSOGBO
OSUN State Government has presented the sum of N507,295,065.50 to 90 retired civil servants in the state.
The Permanent Secretary, Local Government Staff Pension Bureau, Kayode Afolabi, made this known while presenting the bond certificates to the beneficiaries under the Contributory Pension Scheme Programme of the state government on Wednesday.
The distribution exercise held at the premises of the Local Government Staff Pension Bureau, State Secretariat, Abere.
Fifty-one retired primary school teachers got N350,284,075.44, while 39 retired Local Government staff received a total sum of N157,295,770.06.
Addressing the beneficiaries, Afolabi eulogised the state Governor, Adegboyega Oyetola, for his commitment to the welfare of pensioners and workers in the state.
“The Contributory Pension Scheme is aimed at assisting civil servants to save towards their retirement. The scheme also ensures that civil servants receive their entitlements as and when due, because it establishes and implements a set of rules and regulations for the administration and payment of retirement benefits to retirees,” he said.
The Director of Pension, Local Government Staff Pension Bureau, Mrs Motunrayo Ajayi, urged those who had yet to get their bonds to exercise patience with a promise that they would also be given theirs at the appropriate time.
