₦1.6 billion has been released for the payment of pension of retirees in Osun state by Governor Adegboyega Oyetola.
In a statement from the office of the Head of Service and made available to newsmen, the money is for the payment of pension rights for the month of June 2022, to retired workers under the old Pension Scheme.
Others include retired Primary School teachers and Local Government staff on the Contributory Pensions Scheme, and retired civil servants in Ministries and Agencies of government.
“Apart from paying the sum of ₦752,000,000 as monthly pension to all retired workers under the old Pensions Scheme, the Governor, Adegboyega Oyetola, has released another sum of ₦ 516,186,000 for the payment of pension bonds to retired Primary School teachers and Local Government staff on Contributory Pensions Scheme, and a sum of ₦300,000,000 to retired civil servants in Ministries and Agencies of Government, totaling ₦816,000,000.
“The total amount released for pensions in the month of June 2022 is ₦1,638,186,000.
“All workers of the State, both serving and retired, are assured by Governor Adegboyega Oyetola of continuous priority of their welfare in the scheme of things in the State”, the statement conclusively reads.
Writing by Adenitan Akinola; editing by Muzha Kucha