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A total sum of Seven Hundred and Eight Million Naira (N708,000,000) has been released by the Osun State governor, Mr Gboyega Oyetola to offset pension arrears of retired officers of the state civil service.
The state Head of Service, Dr Festus Olowogboyega Oyebade made this known in a statement made available to newsmen in Osogbo on Friday.
The statement explained that the sum of Five Hundred and Eight Million Naira (N 508,000,000) of the released sum was approved for the payment of retired civil servants, while an additional sum of One Hundred and Fifty Million Naira (N 150,000,000) was approved for the payment of retirees under the contributory pensions scheme.
TODAY
February 5, 2021
In an effort to improve the welfare of passive workers in Osun state, Governor Adegboyega Oyetola has approved the release of N708 million to offset pensions arrears.
A statement issued by the state Head of Service, Dr Festus Oyebade, disclosed that the sum of N508 million was approved for the payment of retired civil servants, while an additional sum of N150 million was approved for the payment of retirees under the contributory pensions scheme.
He added that an additional N50 million 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.
Vanguard News
Oyetola approves N708 million for pension
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Shina Abubakar Osogbo
In an effort to improve the welfare of passive workers in Osun state, Governor Adegboyega Oyetola has approved the release of N708 million to offset pensions arrears.
A statement issued by the state Head of Service, Dr Festus Oyebade disclosed that the sum of N508 million was approved for the payment of retired civil servants, while an additional sum of N150 million was approved for the payment of retirees under the contributory pensions scheme.
He added that an additional N50 million was approved for the payment of gratuities of retired officers under the old pension scheme.