OSUN State government has presented the sum of N1,852,067,715.59 (one billion, eight hundred and fifty-two million, sixty-seven thousand, seven hundred and fifteen naira, fifty-nine Kobo) in form of Retirement Bond Certificates to the third batch of retirees under the contributory pension scheme of the state. Governor Rauf Aregbesola made the presentation at the multi- purpose hall of the Local Government Service Commission. Aregbesola made it known that 266 retirees, both in the state and local governments services, benefited from the scheme. This he said comprised 139 primary school teachers, 55 local government and 72 state retirees. He assured the retirees that presentation of bond certificates would be a continuous exercise sequel to the availability of funds, noting that no retiree would be shortchanged. Speaking at the programme, the state Head of Service, Mr. Sunday Owoeye explained that as part of government’s effort to make life comfortable for retirees, the state government had approved the establishment of a data base for the use of the bureau, which would improve prompt remittances of monthly contribution and efficient transfer of accrued benefit to Retirement Savings Account, RSA, of workers. Owoeye stated that Osun was ranked among states that are diligently implementing the scheme, noting that this was as a result of the doggedness of Governor Aregbesola. He said the scheme was implemented to surmount the challenges of old defined benefit scheme, advising them to spend the money judiciously. In his address of welcome, the permanent secretary, Local Government Staff Pension Bureau, Alhaji Kayode Afolabi said the contributory pension scheme would assist civil servants to save towards their retirement. Afolabi explained that the scheme also ensured that persons who left or retired from public service would receive their benefits as at when due, because there is a system of rules and regulations for the administration and payment of retirement benefits to beneficiaries. Responding on behalf of other beneficiaries, Mrs. Moji Adeleke appreciated the state government for the kind gesture and prayed that God would improve the state of the economy in Osun and Nigeria at large.
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