Osun government releases funds for payment of pensions, gratuities

Written by on September 30, 2022

The Osun State Government has released the sum of three hundred and fifty million Naira (N350,000,000) for the payment of the Contributory Pensions Scheme for retirees on the new Pensions Scheme in the State Civil Service.

The state government also announced the payment of an additional sum of one hundred million Naira (N100,000,000) to pay part of the gratuities of retirees on the old Pensions Scheme, totalling One billion two hundred and two million Naira only (N1,202,000,000).

This was made known in a signed public service announcement by Festus Olowogboyega Oyebade, the Osun Head of Service today in Osogbo.

The money paid according to the announcement is different from the sum of seven hundred and fifty-two million (N752,000,000) paid as a monthly pension to all retired workers under the old Pensions Scheme for the month of September 2022.


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