In a significant move to support the welfare of retirees, the Governor of Osun State, His Excellency, Senator Dr. Ademola Jackson Nurudeen Adeleke, has approved a substantial sum of ₦3.3 billion for the payment of accrued rights in the form of bond certificates to workers who retired under the Contributory Pension Scheme across the state.
The approved funds are allocated to address the needs of retirees at both the state and local government levels. Specifically, ₦1.5 billion is designated for retirees from state-level entities, including Ministries, Departments, Agencies, secondary schools, and tertiary institutions. Meanwhile, ₦1.8 billion is earmarked for those who retired from local government services, junior, and primary schools throughout Osun State. The disbursement of these funds is currently undergoing due process at the Bureau of Public Service Pension and the Local Government Staff Pension Board.
This financial commitment is in addition to the regular monthly pension and gratuity payments made to retired public servants under the old pension scheme, ensuring comprehensive support for all retirees within the public service.
Governor Adeleke’s administration has consistently prioritized the welfare of workers and pensioners, as outlined in his 5-point Action Plan. Since assuming office in November 2022, Governor Adeleke has demonstrated unwavering dedication to public servants and the citizens of Osun State, reinforcing his commitment to their well-being.
The announcement was made by Elder Ayanleye Aina, Head of Service, State of the Living Spring, highlighting the administration’s ongoing efforts to fulfill its promises to the people of Osun State.
This latest approval underscores the Governor’s commitment to ensuring that retirees receive their due entitlements, reflecting his administration’s broader focus on enhancing the quality of life for all citizens in the state.
