Osun state pensioners who retired from local government councils and primary schools in the state have been presented with retirement bond certificates worth N1.682bn.

This was disclosed by the Permanent Secretary, Local Government Staff Pension Bureau, Kayode Afolabi, in an interview with journalists in Osogbo shortly after the presentation of the certificates. According to the Permanent Secretary, 97 retirees from local government and 137 from primary schools benefited from the bonds.

Afolabi said, “The presentation of retirement bond certificates to retirees under the Contributory Pension Scheme is the fifth of its kind. Some of us will bear me witness that an occasion of this nature came up on February 28, 2017.”

While responding to how the government will tackle the delay in remittance of pensions deductions to Pension Fund Administrators of workers under CPS, Afolabi explained that there was a problem due to the financial crisis but noted that the issue had been resolved.

He also disclosed that the state government would release to workers and retirees another set of bond certificates.

The retirees, who were visibly excited, praised the state government for the timely issuance of the bond certificates.