Osun State retirees under the auspices of the Independent Unbonded Contributory Pension Scheme (IUCPS) have called on the state government to release the bonds it owes them for the past nine years.
The group, which comprises pensioners from the civil service, primary and secondary schools, tertiary institutions, and local government, made the appeal while addressing newsmen on Thursday in Osogbo, the state capital.
The chairman of the group, Moses Fayemi, who spoke on behalf of the retirees, said a total of 9,130 members have suffered severe hardship due to the continuous withholding of their entitlements by successive administrations.
According to Fayemi, several members of the IUCPS who retired between 2017 and 2025 have yet to receive any payment.
He said, “A number of our members retired between 2017 and 2025, yet many of us have not received any payments to date. We are approximately 9,000—made up of about 5,000 retirees from the local government system and about 4,000 from the civil service and tertiary institutions. In total, around 9,130 retirees are currently affected by the non-payment of these bonds.”
Fayemi further said that despite several appeals to the government, the retirees were repeatedly asked to continue waiting, with officials citing a lack of funds.
“More recently, we were informed that our bonds would only be paid after the release of local government allocations. Unfortunately, we have no clear information on when that allocation will be released,” the senior citizen added.
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