Osun State Governor, Adegboyega Oyetola, has approved immediate release of Nine Hundred and Twenty-Seven Million Naira (N927,000,000) for the payment of pensions of retirees in the State.
Of the N927m, the sum of N877m will be used for the settlement of bonds of retired primary school teachers, local government workers and retired civil servants who are under the Contributory Pension Scheme.
The remaining N50m was approved for payment of retirees under the old pension scheme.
The Head of Service of the state, Dr. Festus Oyebade announced this in a statement made available to newsmen in Osogbo.
The statement indicates that names of the retired workers selected on merit has been posted on the Notice Boards of the Local Government Pensions Bureau, Civil Service Pensions Bureau, Ministry of Information and the Office of the Head of Service.
It reiterates the state’s government’s commitment to the welfare and general well-being of citizens particularly workers in the State.
