Oyetola approves N500m retired workers’ entitlements
From Fisayo Akinduro, Osogbo
Osun State Governor, Gboyega Oyetola, has approved the immediate release of the sum of N500million for the payment of entitlement to retired workers enrolled under the Contributory Pension Scheme (CPS).
The Head of Service, Dr. Festus Olowogboyega, who made this known in Osogbo said names of the beneficiary retirees were picked on merit, adding that the process was monitored by the executive committee of the retired workers’ group.
He noted that names of the selected beneficiaries will be posted on the Notice Board of the state Pension Board, while bond certificates would be presented to the beneficiaries by Governor Oyetola on February 14, 2020.
Similarly, Oyetola has approved the release of another N50million for the part payment of gratuities to retirees under the old Pension Scheme.
The HoS said 250 retirees who have been selected on merit would start receiving their cheques as from Thursday, February 6, 2020.
He disclosed that a list containing names of the beneficiary pensioners has already been posted on the public Notice Board of the state Pension Board and that of the Ministry of Information.
While reacting to the funds released, the state Pension Board appreciated the governor for the approval and for being sensitive to the plight of the pensioners and the workers in the state.