Friday, March 29, 2024

Oyetola releases N1.2b for pension arrears

Osun State Governor Adegboyega Oyetola has approved the release of one billion, two hundred million Naira to offset pension arrears of retired officers in the civil service.

A statement by the Head of Service, Mr. Festus Olowogboyega Oyebade, said five hundred and eight million Naira of the total sum was approved to pay the pensions of retired civil servants, while an additional sum of one hundred and fifty million Naira was approved to pay retirees under the contributory pensions scheme based on merit and five hundred and forty-nine million, two hundred and seventy-six thousand Naira for primary school teachers and local government retirees.

He added that additional fifty million Naira was approved for the part payment of the gratuities of retired officers under the old pension scheme.

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According to the statement, the list of beneficiaries selected on merit has been pasted on the notice boards of the Ministry of Information and Civic Orientation, State’s Pension Bureau and Office of the Head of Service.

It was also stated that payment of the approved funds will begin on November 11.

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