The Osun State Governor, Adegboyega Oyetola, has released the sum of N708 million for the payment of pension to retirees in the state. This was made known by the state’s Head of Service, Festus Olowogboyega Oyebade, in a statement sent to newsmen this week.
The breakdown of the payment, according to the statement, indicated that the sum of N508 million was approved to pay pensions of retired civil servants under the Old Pension Scheme while the sum of N150 million was approved to pay selected retirees based on merit under the Contributory Pensions Scheme. Also, the total sum of N50 million will be used to offset part of the gratuities of retired officers under the Old Pensions Scheme.
The statement also explained 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.
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