Osun State Governor, Gboyega Oyetola, on Friday, said the sum of N1.202 billion has been released to retirees in the state.
According to a statement signed by the state Head of Service, Festus Oyebade, the sum was pensioners under the old Pensions Scheme and Contributory Scheme.
It stated that the sum of N752 million was for monthly pension to all retired workers under the old Pensions Scheme for the month of September, 2022, while the sum of N350 million was for those in the Contributory Pensions Scheme.
The remaining N100 million is for part- payment of the gratuities of retirees on old Pensions Scheme.
“Apart from paying a sum of Seven Hundred and Fifty Two million (N752,000,000) as monthly pension to all retired workers under the old Pensions Scheme for the month of September 2022, the Governor of the State of Osun, Mr Adegboyega Oyetola has released another sum of Three Hundred and Fifty million Naira (N350,000,000) for the payment of Contributory Pensions Scheme for retirees on new Pensions Scheme in the State Civil Service.
“An additional sum of One Hundred million Naira (N100,000,000) to pay part of the gratuities of retirees on old Pensions Scheme, totalling One billion Two hundred and Two million Naira only (N1,202,000,000).
“The list of beneficiaries selected on merit is posted on the Notice Boards of the Civil Service Bureau Office of the Head of Service and the Ministry of Information and Civic Engagement.
“Concerned retirees who are picked on merit are to check the list for their names and payment starts immediately on Tuesday, 4th October, 2022.
“Mr Adegboyega Oyetola urges all the workers and retirees in the State to be more dedicated and wishes them Happy Independence Anniversary. He assures all workers of the State both serving and retired of giving their welfare priority, attention throughout his administration,” the statement read.