The Osun State Governor, Gboyega Oyetola has released the sum of N708 million to further offset pension arrears of retired officers of the state civil service.
Oyetola had recently released about N1bn for pension settlement 17 hours before Christmas and another N200 million on the first working day of the year.
In a press release signed by the Head of Service, Dr Festus Olowogboyega Oyebade, the sum of N508 million of the released sum was approved for the payment of retired civil servants.
Olowogboyega explained that the N150 million was approved for the payment of retirees under the contributory pensions scheme.
He added that the remaining N50 million was approved for the payment of gratuities of retired officers under the old pension scheme.
According to him, the list of beneficiaries of the approved sum has been pasted on the notice board of the Ministry of Information and Civic Orientation, the State’s Pension Bureau and the Office of the Head of Service.
“Governor Adegboyega Oyetola assures all workers, both serving and retired that all efforts will be made to always give their welfare the priority it deserves”, the statement added.