Home News Gov. Oyetola Releases N550m for Payment of Retirees’ Entitlements

Gov. Oyetola Releases N550m for Payment of Retirees’ Entitlements

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By Deborah Oladejo, Osogbo

The Osun State Governor, Mr. Gboyega Oyetola has released the sum of N500 million for the payments of entitlements to retired workers in the Contributory Pensions Scheme.

The governor also released N50 million for the part payment of gratuities to retirees in the old Pension Scheme.

According to a statement by the state Head of Service, Dr Olowogboyega Oyebade, the beneficiaries were picked on merit and monitored by the executive committee of the Association of the groups.

The statement read: “Governor Oyetola has approved and released a sum of N500 million for the payments of entitlements to retired workers in Contributory Pensions Scheme.

“The names of the beneficiaries will be posted on the public notice board of the State Pension Board on Thursday 6th February, 2020. The bond certificates will be presented to the beneficiaries on 14th February, 2020 by the Governor.

“Also, the governor has released another N50 million for the part payment of gratuities to retirees in the old Pension Scheme.

“250 retirees have been picked on merit for payment. Payment of cheques to the beneficiaries starts from Thursday 6th February, 2020..

The lists of the affected retirees were already posted at the Public Notice Boards of the State Pension Bureau and the Ministry of Information.”

 

 

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