Former Governors Kayode Fayemi and his predecessor, Segun Oni would benefit from the new pension law brought into force by Governor Ayodele Fayose.
This is coming as Fayose on Friday signed the 2015 Appropriation Bill of N80.97bn and three other bills into laws, promising to fast-track development in all facets this year.
The Governor had presented a budget of N80.774 billion to the State House of Assembly in December with the lawmakers passing N80.9 billion into law for the 2015 fiscal year.
On the grant of pension law, he noted that the law was enacted to provide for the grant of pensions to former governors and their deputies saying former governor Oni and others who had served the state in such capacities were the target beneficiaries.
"The law has restored full privileges and benefits to all former governors and their deputies".
The other bills include, Ekiti State Peace Corps (Repeal) Law, Grant of Pensions (Amendment) Law 2014 and Ekiti State Change of Official Logo (Amendment) 2014.
Appending his signature to the bills, Fayose said the 2015 budget focused majorly on the civil servants, education, health and the overall development of the state.
He said the law establishing Peace Corps initiated by the immediate past administration of Dr Kayode Fayemi was repealed because of the negative motives behind its establishment.
According to him, "Peace Corps was only carrying peace on the surface, the actual reasons for its institution was evil".
Fayose who lamented that the huge debt inherited from immediate past government was slowing down his administration said "we do not want to dwell on the challenges but we want to forge ahead and deliver on our electioneering promises the people".
While urging the people of the state to disregard the rumour making the rounds that his government has received N22 billion from the federal government, challenged whoever was making such claim to disclosed the banks, the government account and the time the money was paid.
Governor Fayose who called for the understanding of the people, promised to always pay salaries as and when due with deductions going to the appropriate quarters.
Earlier, the speaker of the state assembly, Hon Dele Olugbemi said the house was proud of the modest achievements of the Governor.
According to him, "This administration is only three months in office, yet it has been able to deliver the dividends of democracy to the good people of Ekiti State".