Home News Pension Arrears: Oyetola Releases Another N909m

Pension Arrears: Oyetola Releases Another N909m

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By Deborah Oladejo, Osogbo

The Osun State Governor, Mr Adegboyega Oyetola,  has released the sum of N909 million to further offset pension arrears of retired officers of the State Civil Service.

In a statement signed by the Head of Service, Dr Festus Olowogboyega Oyebade, said the sum of N508 million of the released sum was approved for the payment of retired civil servants, while an additional sum of N105million 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.

“The Governor has equally approved the immediate payment of Contributory Pensions to all retired officers in the State, whose accrued pension rights are between N500,000 and N1million whose final certificates of clearance dates fall within August 2017 and 31st December 2020.

“Also, apart from the pensions paid to retired teachers in the Primary School and retired Local Government Staff on the Old Pensions Scheme, the Governor has approved the release of N200,000 and N1million to settle part of the gratuities of these retired officers in teaching and local government service”, the statement read in part.

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.

 

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