Economy

1.6 Billion Naira Approved For Osun Retirees

By Web News 1117

Osun State Governor, Mr Adegboyega Oyetola has approved the sum of One Billion, Six Hundred and Forty-four Million Naira for the payment of outstanding pension and gratuities of retired civil servants in the State.

According to a press release signed by the Head of the State’s Civil Service, Dr. Festus Oyebade, the sum of Five Hundred and Eight Million Naira of the released sum was approved for the payment of retired civil servants under the old pension scheme.

An additional sum of Four Hundred Million Naira was also earmarked to pay selected retirees under the Contributory Pensions Scheme.

The sum of One Million Naira was released for the payment of gratuities of retired officers under the old pensions’ scheme, bringing the total amount released for retired officers in the State’s service to One Billion and Eight Million Naira Only.

The Head of Service adds that the governor approved the release of Six Hundred and Thirty-eight Million Naira to retirees in the 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.

Payment of the released funds is to start Tuesday, 15th June 2021.

Adenitan Akinola

Economy

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

By Web News 589

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