Osun Issues Bond Certificates to Retirees | Independent Newspapers Limited
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Osun Issues Bond Certificates to Retirees

Posted: May 4, 2015 at 12:00 am   /   by   /   comments (0)

By Gbenga Faturoti  Osogbo

Osun State Government has been commended for striving to ensure that the contributory pension scheme was stabilised despite acute shortage of funds.

State Head of Service, Mr Olayinka Owoeye, gave the commendation while presenting retirement bond certificates to the second batch of retirees under the contributory pension scheme in the state.

The Head of Service, who was represented by the Director, Bureau of Public Service Pension, Mr Yemi Oyeleye, assured the new beneficiaries that within the next one month, they will be able to access their benefits.

He pointed out that the new contributory pension scheme had taken care of the old scheme, adding that retirees entitlements are already domiciled with their pension fund administrators.

Responding on behalf of the new set of beneficiaries who were certified to have completed their retirement papers, Alhaji Ganiyu Oyeladun, commended the state government for making the scheme a success despite the fact that it had been stalled in some states.

Among those who collected the bond certificates were wives of two deceased officers who collected on behalf of their late spouses.