According to the Head of Service, Dr. Festus Oyebade, the Osun State Government, led by Governor Gboyega Oyetola, has released N708 million for the settlement of pension arrears of retired government officials.
According to Oyebade, N508 million will be used to pay civil servants’ pension arrears under the previous pension scheme, while N150 million will be used to pay retirees under the contributory pension program.
The list of beneficiaries, according to Oyebade, has been posted on the Ministry of Information and Civic Orientation’s notice board, the Pension Bureau’s notice board, and the Office of the Head of Service’s notice board. Payment of the released cash would begin on October 5, he said.
“Oyetola promises all personnel, whether serving and retired, that every effort will be made to ensure that their welfare is always given the priority it deserves,” Oyebade stated.
Pensioners In Osun Demonstrate After Oyetola Authorizes Release Of N708 Million Pension Fund
Meanwhile, pensioners in Osun state, under the auspices of the Contributory Pension Scheme, thronged the streets of the state capital on Thursday to protest the state’s inadequate pension payment.
They also carry a banner that reads, “Forum of Contributory Pensioners in Osun, Civil and Secondary Schools Service; “Pay our contributory pension fund,” “Release our bond to prevent members’ untimely deaths,” “Cashback our bonds promptly,” “Increase our monthly allocation to N500 million,” and so on.
Mr. George Animasaun, their spokesperson, told journalists that the state government’s N150 million monthly payment is insufficient, as many members of the forum had not been paid in the last six years.
“We are requesting that the government boost the monthly payment to N500 million in order to reach a larger number of retirees. We also want the government to reimburse us for the 30 months of half-salaries that the previous administration owed us.