Governor, the State of Osun, Mr Adegboyega Oyetola, has approved the immediate release of N500 million for the payment of entitlement to retired workers enrolled under the Contributory Pension Scheme (CPS).
The Head of Service, State of Osun, Dr Festus Olowogboyega, made this known in a statement on Wednesday in Osogbo, the state capital.
The statement 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.
According to the statement, names of the selected beneficiaries will be posted on the Notice Board of the State Pension Board on Thursday, February 6, 2020.
It added that bond certificates would be presented to the beneficiaries by Oyetola on February 14, 2020.
Similarly, Oyetola has approved the release of another N50 million for the part payment of gratuities to retirees under the old Pension Scheme.
Olowogboyega said 250 retirees who have been selected on merit would start receiving their cheques from February 6.
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.
The State Pension Board has appreciated Oyetola for the approval and for being sensitive to the plight of the pensioners and the workers in the State.
Meanwhile, Oyetola and the State Government have commiserated with the entire people of Ode Omu, Alayegun ~ in ~Council, Ode Omu Descendants Union and the entire State Council Of Obas on the recent transition of the Alayegun of Ode Omu, Oba Abdul Hammed Oke.
A statement by the Commissioner for Information and Civic Orientation,Mrs Funke Egbemode, described the departed monarch as an enbodiment of humility,generousity,wisdom and true judgement at all seasons.
The statement added that the late Alayegun of Ode Omu will forever be remembered for his strong progressive ideology, absolute loyalty to the state government as well as his true love for his people during his eight years on the stool of his forefathers .
The statement then prayed God to grant the entire people of Ayedaade Local Government Area of the state the fortitude to bear this loss of one of the foremost traditional rulers in the area.
