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Oyetola Releases N1.2bn For Pension Payment

By Sodiq Yusuf The Governor of the State of Osun, Mr. Adegboyega Oyetola, has approved the release of the sum N1, 200, 000, 000 to offset pension arrears of retired civil servants in the state. According to the Head of Service, Mr. Olowogboyega Oyebade, in a press release made available to OSUN DEFENDER yesterday, a…”
Yusuf
November 6, 2020 10:13 am

By Sodiq Yusuf

The Governor of the State of Osun, Mr. Adegboyega Oyetola, has approved the release of the sum N1, 200, 000, 000 to offset pension arrears of retired civil servants in the state.

According to the Head of Service, Mr. Olowogboyega Oyebade, in a press release made available to OSUN DEFENDER yesterday, a sum of N508m of the total sum was approved to pay the pensions of retired civil servants while an additional N150m was approved to pay retirees under the Contributory Pensions Scheme, based on merit.

Also, a sum of N540, 276, 000 was approved to be released for pension allowances of primary school teachers and local government retirees pension arrears, according to Oyebade.

He added that additional N50m was approved for the part payment of the gratuities of retired officers under the old pension scheme.

The Head of Service stated that the list of beneficiaries selected on merit for the pension 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.

Oyebade said that payment of the approved funds will commence on Wednesday, November 11, 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”, he submitted.

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