Osun releases N708m to offset Pension Arrears – PensionNigeria

Osun releases N708m to offset Pension Arrears

Osun State governor, Adegboyega Oyetola, has approved the release of N708 million to offset pension arrears of retired officers of the state civil service.

In a press release signed by the Head of Service, Mr. Festus Olowogboyega Oyebade, the sum of N508 million was approved for the payment of the pensions of retired civil servants on a general note, while 150 million was approved for payment of selected retirees under the contributory pensions scheme based on merit. He added that additional 50 million was approved for part-payment of the gratuities of retired officers under the old pensions scheme.

According to the release, the list of beneficiaries selected on merit has been pasted on the notice boards of the Ministry of Information and Civic Orientation, the State’s Pension Bureau, and the Office of the Head of Service. It was also stated that payment of the approved funds will commence on Tuesday, 08 September 2020.

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