Ogun State Government has released N6.75 billion for the payment of gratuity and Additional Pension Benefits (APB) to retirees across the state.
The Head of Service, Mr Olanrewaju Saka, disclosed this in a statement on Friday, saying the release was part of the government’s efforts to clear outstanding pension obligations and improve the welfare of retired public servants.
He said N2.751 billion had been released to pay gratuity to 432 beneficiaries, while another N4 billion was provided for the payment of Additional Pension Benefits to eligible retirees from July 2025 to date.
Saka said the government remained committed to ensuring that workers who served the state meritoriously received their retirement benefits despite competing demands on public resources.
He explained that the Additional Pension Benefit was introduced to bridge the gap between what some retirees would have received under the former Defined Benefit Scheme (DBS) and their benefits under the Contributory Pension Scheme (CPS).
According to him, while CPS retirees have savings in their Retirement Savings Accounts, some may receive lower benefits than they would have been entitled to under the old scheme.
He said the APB provides additional government support to eligible retirees to cushion part of the difference.
Saka stressed that the APB is separate from retirees’ Retirement Savings Accounts and does not affect the funds accumulated in those accounts.
He said the latest release demonstrated the administration’s commitment to ensuring greater financial security and dignity for retirees, adding that the government would continue to address outstanding pension and gratuity obligations in a systematic and sustainable manner.
The Head of Service assured retirees that the government would maintain transparency and engagement in the administration of retirement benefits.
He also urged serving public officers to ensure that their pension records and documentation remained accurate and up to date.
Saka reaffirmed the commitment of the Governor Dapo Abiodun-led administration to building a pension system that would enable public servants to approach retirement with greater confidence and financial security.
