Gov. Adegboyega Oyetola of Osun has approved the release of N708 million to defray the arrears of pension owed to retired civil servants in the state.
The Head of Service, Mr Festus Olowogboyega, said in a statement on Tuesday in Osogbo that government approved the payment of N508 million as pension to retired civil servants, while N150 million was approved to pay retirees under the contributory pension scheme.
He also said that N50 million was approved for the part-payment of gratuities to officers who retired under the old pensions scheme.
Olowogboyega said that the list of beneficiaries, who were selected on merit, had been pasted on the notice boards of the Ministry of Information and Civic Orientation, the State’s Pension Bureau, and the Office of the Head of Service.
He said that the payment of the approved pension arrears would start on Thursday.