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OSBC | Osun State Broadcasting Corporation

OYETOLA RELEASES N1.644BN FOR PENSIONS, GRATUITY ARREARS!

OSBC_Admin by OSBC_Admin
June 10, 2021
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As part of his continued commitment and determination to improve the welfare of retired civil servants in the State of Osun, Governor Adegboyega Oyetola has approved the sum of One Billion, Six Hundred and Forty-four Million Naira Only (N 1,644,000,000) for the payment of outstanding pension and gratuities of retired civil servants in the State.

According to a press release signed by the Head of the State’s Civil Service, Dr. Festus Oyebade, the sum of Five Hundred and Eight Million Naira (N 508,000,000) of the released sum was approved for the payment of retired civil servants under the old pension scheme.

“Apart from that, the governor has released an additional sum of Four Hundred Million Naira (N 400,000,000) to pay selected retirees under the Contributory Pensions Scheme.

“Also, additional One Million Naira (N 1,000,000) was released for the payment of gratuities of retired officers under the old pensions scheme

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