Osun State Governor, Ademola Adeleke has approved a N4 billion bond to facilitate the payment of retirees under the contributory pension scheme in the state.
Speaking at the Workers’ Day celebration at Fakunle High School in Osogbo on Thursday, Adeleke explained that the bond would cover retirees from both the state and local governments.
According to Governor, “I have approved the payment of a bond for retirees under the contributory pension scheme, worth over N4 billion, through the Office of the Head of Service,” the governor said.
“Retirees from civil service parastatals, secondary schools, tertiary institutions, and the Uniosun Teaching Hospital will receive N2,175,280,322.54, while N2,098,466,528.87 will be allocated to local government and primary school retirees.”
Adeleke acknowledged the financial challenges facing the country, stating that he was fully aware of the impact of the high cost of living. He reiterated his administration’s commitment to improving the welfare of workers and the people of Osun.
