Pension Arrears: Oyetola approves N708m for retired officers in Osun

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By Richard Akintade, Osogbo

Osun State Governor, Mr Adegboyega Oyetola, has approved the release of the sum of Seven Hundred and Eight Million Naira (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, the sum of Five Hundred and Eight Million Naira (N508 million) of the total sum was approved to pay the pensions of retired civil servants while an additional sum of One Hundred and Fifty Million Naira (N150 million) was approved to pay retirees under the contributory pensions scheme based on merit.

He added that additional Fifty Million Naira *N50 million) was approved for the part payment of the gratuities of retired officers under the old pensions scheme.

According to the release, 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 Thursday, 5th November, 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”, the statement added.

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