Osun Govt approves N500 million for payment of pensions

Osun State Governor, Mr Adegboyega Oyetola, has approved the sum of N500 million for payment of entitlements to retirees under the Contributory Pensions Scheme in the State.

The approved sum covered the payment of contributory pensions to retired Primary School Teachers and Local Governments, to the tune of N300 million and N200 million for the retired workers in State’s Service and Parastatals.

The Osun State Head of Service, Dr. Festus Gboyega Oyebade, in a release, said this gesture is part of the evidence of Governor Oyetola’s concern for the people’s welfare, adding that the current administration will continue to place importance on welfare of serving and retired workers.

According to Oyebade, “this gesture is an evidence that the Governor listened to the yearnings of the citizens of the state. We are delighted and proud of the Governor’s response to the needs of retirees in the State, especially at the time when a pandemic has troubled the State’s economy.”

“The State Government under the leadership of Governor Adegboyega Oyetola, is fully aware of the importance of pension to those who have retired. The Governor’s consistent gesture validates his commitment to continue to cater for those who have served the State meritoriously.”