Governor Adegboyega Oyetola of Osun State has approved the release of the sum of N708,000,000 to offset pension arrears of retired officers of the state’s civil service.
In a press release signed by the Head of Service, Mr Festus Olowogboyega Oyebade, the sum of Five Hundred and Eight Million Naira of the total sum was approved to pay the pensions of retired civil servants while an additional sum of One Hundred and Fifty Million Naira was approved to pay retirees under the contributory pensions scheme based on merit.
He added that additional 50 Million Naira was approved for the part payment of the gratuities of retired officers under the old pensions scheme.
According to the release, the list of beneficiaries selected on merit has been pasted on the notice boards of the Ministry of Information and Civic Orientation, the State’s Pension Bureau, and the Office of the Head of Service.
It was also stated that payment of the approved funds will commence Thursday, 5th November, 2020.
“Governor Adegboyega Oyetola assures all workers, both serving and retired that all efforts will be mustered to always give their welfare the pride of place it deserves”, the statement added.
Packaged by Mariam Azeez
