Oyetola Releases N1.33 billion for Pension Arrears – PensionNigeria

Oyetola Releases N1.33 billion for Pension Arrears

Governor of the State of Osun, Mr Adegboyega Oyetola, has approved the release of the sum of N1.33 Billion to offset pension arrears of retired officers of State of Osun civil service.

In a press release signed by the Head of Service, Mr Festus Olowogboyega Oyebade, the sum of N580 million of the total sum was approved to pay the pensions of retired civil servants while an additional sum of N150 million was approved to pay retirees under the contributory pensions scheme based on merit and N549,276,000 for Primary School Teachers and Local Government Retirees. He added that additional N50 million was approved for the 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 Wednesday, 11th November, 2020.

“Governor Adegboyega 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”, the statement added.

Read more State of Osun pension news here

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

error: Content is protected.