The Pension Transitional Arrangement Directorate (PTAD) said arrangements has been concluded for the Parastatals verification exercise.
In a statement made available Thursday in Abuja by its management, the exercise will capture 104,133 Pensioners and Next of Kin (NoK) of 270 Federal funded Parastatals, Agencies and Institutions under the Defined Benefit Scheme (DBS) across the 6 geopolitical zones and Lagos.
Acçording to the statement, Pensioners of defunct/privatized agencies including the Nigeria Aviation Handling Company ( NAHCO), Assurance Bank, Nigerian National Shipping Line (NNSL), Aluminium Smelter Company Of Nigeria (ALSCON) will also be verified during the exercise.
The statement explained that the exercise is to validate inherited payrolls from the various defunct pension boards and offices which handled payment to pensioners under the DBS, as well as create a comprehensive digital database of pensioners.
“The exercise will also facilitate easy access and retrieval of records for computation and prompt complaints resolution.
“It will also ensure that monthly pension is accurately calculated and reflects application of relevant pension statutes, policy and salary structures.
“This verification exercise is NOT for Customs, Immigration and Prisons Pensioners, Civil Service Pensioners or Police pensioners. The exercise is also NOT for Parastatals Pensioners that have already been verified which includes the following: Delta Steel Company (DSC), NITEL/Mtel, NICON Insurance, Nigeria Reinsurance, New Nigeria Newspapers (NNN), Savannah Sugar Company Ltd, Federal Housing Authority (FHA), Nigerian Defense Academy (Civilians),” the statement stressed.
The Directorate further reiterated that the verification of pensioners and NoKs will be done in phases across the country, urging Pensioners not to travel to the state they retired from to be verified as they will be verified in the state they currently reside.
“The first phase of the verification will commence in Lagos from Tuesday April 23rd, 2019 to Thursday 9th of May, 2019 in centers located in Ikeja, Ketu, Akoka, Ebute Metta and Lagos Island.
Other phases of the exercise will be held in states in the different geopolitical zones,” the statement said.
