The Osun Government, on Friday said it would pay a sum of N1.8 billion bond to the state government workers, who retired under the Contributory Pension Scheme.
A statement signed by the Osun Head of Service, Dr Olowogboyega Oyebade in Osogbo, said no fewer than 210 civil servants would receive their bond certificates on Tuesday at the state secretariat.
Oyegbade explained that 171 state government retired workers and 39 from the local government service would receive their bond certificates totaling N1.6 billion and N200 million respectively.
He said that the money had already been deposited with the Central Bank and the Pension Fund Administrators for immediate payment.
Accordingly, Oyegbade said the state government had also released part payment of gratuities to 720 retired public servants under the old scheme.
According to him, few weeks ago, the state government released a sum of N40 million for a set of 400 pensioners in the state.
He said the sum was used for the payment of pension of 148 retired secondary school teachers, 250 retired civil servants and two retired government agency workers.
Oyegbade disclosed that N25 million, N14.8 million and N200, 000 were paid to the retired civil servants, teachers and agency workers respectively.
Trending
- Two docked for alleged theft of mobile phones worth N71,000
- OOU VC harps on effective town-gown relationship to boost research
- Fidelity Bank announces 2nd edition of Fidelity International Trade and Creative Connect
- Lai Mohammed bags international lobbying job
- Fuel subsidy: FUOYE staff laud VC for providing new 60-seater bus
- NDLEA refutes reports of lopsided promotion exercise
- Stanbic IBTC Bank updates its woman-owned account to include male signatory
- The Drum Festival in Canada: Ooni endorses event, applauds Segun Akanni