Adeleke Approves Release Of N1.6bn In Bond Certificates For Retirees

Governor Ademola Adeleke of Osun State has authorised the allocation of bond certificates totalling N1.6 billion for 346 retirees under the contributory pension scheme.

The announcement was made through a statement issued by Mr. Ibrahim Akibu, the Permanent Secretary of the Local Government Staff Pension Bureau, in Osogbo on Wednesday.

The beneficiaries encompass a diverse group, including retired primary school teachers, local government staff, and other retirees.

Of the total beneficiaries, approximately 182 retired primary school teachers and 164 former local government staff members will receive the bond certificates.

Governor Adeleke disclosed that the official presentation ceremony for the certificates is scheduled to occur on December 21.

“This is another step in keeping my promise to resolve outstanding issues related to salaries, pensions, and employee benefits in the public sector. We have initiated payment for inherited arrears of salaries and other entitlements owed to public servants by the previous administration,” stated Governor Adeleke.

He said that the issuance of these bond certificates aligns with the state government’s ongoing commitment to the welfare of both current and retired workers.