By Deborah Oladejo, Osogbo
The Governor Osun State, Mr Adegboyega Oyetola, has approved the release of the sum of N708,000,000 to offset pension arrears of retired civil servants in the State.
In a press release signed by the Head of Service, Mr Festus Olowogboyega Oyebade, explained that the sum of N508,000,000 of the total sum was approved to pay the pensions of retired civil servants while an additional sum of N150,000,000 was approved to pay retirees under the contributory pensions scheme based on merit.
He further said that additional N50,000,000 was approved for the part payment of the gratuities of retired officers under the old pensions scheme.
According to him, 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 on Thursday, October 8, 2020.
The statement added, “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.”