The governor of Osun State, Mr. Adegboyega Oyetola has released the sum of Seven Hundred and Eight Million Naira to pay pensions of retirees in the State.
The Head of Service in Osun State, Dr. Festus Olowogboyega Oyebade gave this figure in a statement.
He restated the Governor Oyetola-led administration’s commitment to the people’s welfare, saying effort has been mustered to give workers the pride of place they deserve.
A breakdown of the fund released indicates that the sum of 508 million naira was approved to pay pensions of retired civil servants under the Old Pension Scheme, while the sum of 150 million naira was approved to pay selected retirees “based on merit”, under the Contributory Pensions Scheme.
Also, the total sum of 50 million naira will be used to offset part of the gratuities of retired officers under the Old Pensions Scheme.
The statement notes that the list of names of the selected retirees has been posted on the notice boards of the Ministry of Information and Civil Orientation; State Pensions Bureau and the Office of the Head of Service.
It enjoins retirees to check their names on the boards as payment starts on Tuesday, 23 November 2021.
Adenitan Akinola
pub-5160901092443552
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