Osun State government has approved the sum of N1.64 billion for the payment of outstanding pension and gratuities of retired civil servants in the state.
This was disclosed in a statement by the Head of Civil Service, Dr Festus Oyebade, on Wednesday in Osogbo, who also confirmed that payment of the released funds would commence on June 15.
Oyebade said N508 million was approved for the payment of retired civil servants under the old pension scheme, N400 million for payment of selected retirees under the Contributory Pensions Scheme, N100 million for payment of gratuities of retired officers under the old pensions scheme and N638 million to retirees in the teaching and local government service.
He further said that, Gov. Oyetola assures all workers, both serving and retired that all efforts will be mustered to always give their welfare the pride of place it deserves.
Support PensionNigeria financially here, empower us to do more independent analysis of the Pension Industry in Nigeria
Subscribe to PensionNigeria Weekly Newsletter to ensure you don’t miss any post Click here to Subscribe
Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube