Osun State Governor, Mr Adegboyega Oyetola has approved the release of the sum of Seven Hundred and Eight Million Naira (N708,000,000) to offset pension arrears of retired civil servants in the state.
The Head of Service, Mr. Festus Olowogboyega Oyebade who disclosed this in Osogbo on Tuesday said additional sum of N150 million was also approved for the retirees under the contributory pensions scheme based on merit.
He also said that N50 million was approved for the part payment of the gratuities of retired civil servants under the old pensions scheme.
He said the list of beneficiaries selected on merit has been displayed at the Ministry of Information and Civic Orientation, the State’s Pension Bureau, and the Office of the Head of Service.
He said the payment would commence of Thursday, October 8, 2020.
