Home News Gov. Oyetola Releases N708m as Pension Arrears

Gov. Oyetola Releases N708m as Pension Arrears


By Deborah Oladejo, Osogbo

Osun State Governor, Mr.Adegboyega Oyetola, has released the sum of N708million to further offset pension arrears of retired officers of the State civil service.

It would be recalled that Oyetola recently released about N1 billion for pension settlement 17 hours before Christmas and another N200 million on the first working day of the year.

In a press release signed by the Head of Service, Dr Festus Oyebade, the sum of N508 million of the released sum was approved for the payment of retired civil servants, while an additional sum of N150million was approved for the payment of retirees under the contributory pensions scheme.

He added that an additional N50million was approved for the payment of gratuities of retired officers under the old pension scheme.

According to the release, the list of beneficiaries of the approved sum has been pasted on the notice board of the Ministry of Information and Civic Orientation, the State’s Pension Bureau and the Office of the Head of Service.

“Governor Adegboyega Oyetola assures all workers, both serving and retired that all efforts will be made to always give their welfare the priority it deserves”, the statement added.



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