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Osun Govt Releases Over Nine Hundred Million Naira For Pensioners’ Arrears

Osun State Governor, Mr Adegboyega Oyetola, has released the sum of Nine Hundred and Nine Million Naira N 909,000,000 to further offset pension arrears of retired officers of the State civil service.

In a press release in Osogbo, the Head of Service, Dr Festus Olowogboyega Oyebade announced 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.

Dr Oyebade added that an additional Fifty Million Naira N 50,000,000 was approved for the payment of gratuities of retired officers under the old pension scheme.

He said, the Governor equally approved the immediate payment of Contributory Pensions to all retired officers in the State, whose accrued pension rights were between Five Hundred Thousand Naira N 500,000 and One Million Naira N 1,000,000 whose final certificates of clearance dates fall within August 2017 and 31st December 2020.

The Head of Service also stated that, apart from the pensions paid to retired teachers in the Primary School and retired Local Government Staff on the Old Pensions Scheme, the Governor approved the release of Two Hundred and One Million Naira N 201,000,000 to settle part of the gratuities of these retired officers in teaching and local government service.

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.

Adenitan Akinola

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