By Ismail Azeez, Osogbo.
Osun State government has approved the release of the sum of Seven Hundred and Eight Million Naira (N 708,000,000) to offset pension arrears of retired officers of State of Osun civil service.
The sum of Five Hundred and Eight Million Naira of the total sum was approved to pay the pensions of retired civil servants
This was stated in a press release signed by the Head of Service, Mr Festus Olowogboyega Oyebade, yesterday in Osogbo, Osun State capital, the sum of Five Hundred and Eight Million Naira 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 was approved to pay retirees under the contributory pensions scheme based on merit.
Oyebade added that the additional Fifty Million Naira 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 of Thursday , October 8, 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.
