Share this:

Like this:

Like Loading...
" />
Published On: Wed, Jul 18th, 2018

‘PTAD pays N1.7bn to 5,382 pensioners’

Share This
Tags

From Ngozi Onyeakusi, Lagos

Pension Transitional Arrangement Directorate (PTAD) has confirmed payment of a total sum of N1.7 billion outstanding pension areas to 5,382 civil service pensioners.
The Directorate also said that it has reviewed downward, the Monthly Pension of about 4,292 pensioners who were hitherto receiving pensions above what they are entitled to.
According to PTAD, the number was part of the 7,969 Civil Service Pensioners who were enrolled on Its monthly payroll in March 2018 with a total payment of N71.5m for the month.
PTAD has also adjusted monthly pension payments for 10,522 pensioners to reflect their correctly computed monthly pension based on their employment records.
The agency pointed out that , while 4,292 pensioners had their monthly pension payments adjusted downward, the pension of 6,230 was adjusted upwards.
The Directorate assures all pensioners under the Defined Benefit Scheme who have outstanding pension arrears that payments will be made as soon as the Federal Government allocates and disburses funds, adding that the Buhari administration was committed to the welfare of Nigerian pensioners.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

%d bloggers like this: