Economy

Osun Approves 708 Million Naira For Pensioners

The governor of Osun State, Mr Adegboyega Oyetola, has approved the release of Seven Hundred and Eight Million Naira, 708,000,000 to offset pension arrears of retired officers of Osun State civil service.

In a press release signed by the Head of Service, Mr Festus Olowogboyega Oyebade, the sum of Five Hundred and Eight Million Naira of the total sum was approved to pay the pensions of retired civil servants while one hundred and fifty million Naira was approved to pay retirees under the contributory pensions scheme based on merit.

According to the release, additional fifty Million Naira was approved for the part payment of the gratuities of retired officers under the old pensions scheme.

The release says 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 is also stated that payment of the approved funds will commence Thursday, 5th November 2020.

Adenitan Akinola

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *