Osun retired LG staff, teachers get N867m pension benefits

Niyi Akande,Osogbo

154 retired local government staff and teachers that left service on Contributory Pension Scheme in Osun state, were on Friday presented their pension bond certificates worth N867 million.

.T. The beneficiaries.

Presenting the certificates to the pensioners, The Permanent Secretary, Bureau of Local Government Staff Pension, Mr Kayode Afolabi, gave the breakdown of the beneficiaries as 76 retired primary school teachers, who would get a sum of N604,049,941,54.

Afolabi added that 78 retired Local Government staff would also get a total sum of N 263, 509,517,00.

He then commended Osun state governor, Adegboyega Oyetola for his commitment to the welfare of pensioners and workers in the state.

He said: “It’s Important to mention here that in addition to payment of Accrued rights, as we are doing today, there is the regular payment/remittance of employees contributions and Government counterparts funds into Retirement Saving Accounts (RSAs) of workers.

“This no doubt is a huge Commitment on the part of the government, particularly in this period of economic challenges.”

Speaking on behalf of the beneficiaries, Mr Oladapo Omotosho commended Oyetola and assured him of their support ahead of the next governorship election in the state.

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