PTAD disburses N1.7bn outstanding pension arrears to enrolees

The Pension Transitional Arrangement Directorate (PTAD) has paid a total sum of N1.7bn outstanding pension arrears to 5,382 Civil Service Pensioners.
A statement issued in Abuja yesterday by its management said the pensioners are among the 7,969 Civil Service Pensioners who were enrolled on PTAD monthly payroll in March 2018 with a total payment of N71.5m for the month.
The statement noted that the directorate has adjusted monthly pension payments for 10,522 pensioners to reflect their correctly computed monthly pension based on their employment records.
It added that 4,292 pensioners had their monthly pension payments adjusted downward, while 6,230 were adjusted upwards.
The statement further declared that all pensioners under the Defined Benefit Scheme with outstanding pension arrears would be paid as soon as the Federal Government allocates and disburses funds.
The agency further disclosed that it had earlier concluded the computation of pension benefits for 3,542 Delta Steel Company (DSC) Aladja, pensioners.
“It is significant to note that this milestone achievement is coming 13 years after the Federal Government concluded the privatization of the company in February 2005,” the statement said.
It would be recalled that in March this year, the Executive Secretary, Sharon Ikeazor, along with the management team paid a working visit to Aladja, Warri Delta state and assure retirees of President Muhammadu Buhari administration’s commitment to the welfare of Nigerian pensioners.
“PTAD had successfully verified 4,182 regular pensioners and deceased pensioner’s Next of Kin (NOKs) in November 2017 in an exercise that held concurrently in Abuja, Lagos and Aladja in Delta state.
“Following the successful conclusion of the exercise, the Directorate assures that 3,542 pensioners who were cleared by Federal Audit will be payrolled in August this year, and they will start receiving their monthly pension for life, while the computation, audit and payrolling of NICON, Nigerian Reinsurance and NITEL/MTEL will be completed in due course,” the statement explained.