A total of 244 retirees from the Osun State Civil Service have been issued N1.682bn worth of bonds.
This was disclosed by the Permanent Secretary, Local Government Staff Pension Bureau of the State, Mr. Kayode Afolabi, during a ceremony to mark the presentation of certificates to beneficiaries in Osogbo, the state capital.
Giving the breakdown of the beneficiaries, Afolabi said 137 retired from public primary schools across the state, while the remaining 97 were former employees in its local government service.
He described the latest certificates presentation as fifth of its kind, noting that the last one was held on February 28, 2017.
The Permanent Secretary added that the exercise was in line with the provisions of the Contributory Pension Scheme for retired civil servants in the State.
He also told journalists that the state government is working hard to address the issue of delayed remittance of pensions deduction it was facing, which, according to him, was as a result of cash crunch facing the state.
He said the state government would very soon issue bond certificates to another set of retirees in line with the state’s determination to ensure welfare of current workers and the retired ones.