Economy

Gov. Oyetola Releases N708,000,000 for Pension Arrears

Osun State Governor, Mr Adegboyega Oyetola, has released the sum of Seven Hundred and Eight Million Naira (N 708,000,000) to further offset pension arrears of retired officers of the state’s civil service.

A statement by the Head of Service, Dr Festus Olowogboyega Oyebade indicates 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.

The statement notes that an additional Fifty Million Naira (N50,000,000) was approved for the payment of gratuities of retired officers under the old pension scheme.

According to the statement, 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.

It would be recalled Osun State Government recently released One Billion Naira for pension settlement before New Year celebration.

Wasiu Ajadosu 

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