PTAD pays N18.99bn to verified pensioners

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Chuks Udo Okonta

The Pension Transitional Arrangement Directorate (PTAD) has added 7,969 Civil Service Pensioners to its payroll to receive regular monthly pension payments, even as N18.99 billion was paid to verified pensioners between January and March 2018.

These Pensioners were verified in the South West & North Central in Q4 2017 and have been paid their March 2018 pension.

The addition of this group has improved the economic livelihood of pensioners who have been deprived of their rights for a long period. Thus, further supporting the role of PTAD in making sure the labors of our heroes is not in vain. Before this addition, over 19,500 verified Civil Service pensioners from the North West, South East, North East and South South had been reinstated and paid their arrears.

Also ongoing is the computation of benefits for over 5,000 verified Civil Service Pensioners. This will conclude the payrolling of all verified Civil Service Pensioners
In January 2018, the Civil Service Pension Department (CSPD) paid N2.215bn to 111,525 pensioners, 219 Retired Permanent Secretaries and Heads of Service. For the month of February, N2.216bn was paid and in March, N2.216bn was paid to pensioners, Retired Permanent Secretaries and Heads of Service.

For the Parastatals Pension Department (PaPD) which started verification of defunct and privatised agencies in Q4 2017, 98,259 pensioners were paid monthly pension of N4.097bn in January 2018. For the month of February, N4.134bn was paid to the pensioners while N4.117bn was paid in March.

For Pensioners verified in Q4 2017 & Q1 2018 under the Parastatal Pension Department (FHA, NNN, NICON, Nigerian-Re, DSC & NITEL/Mtel) the accurate computation of their benefits is currently being made.

Over 30,000 pensioners under the defined benefit scheme who were yet to be pay rolled over the years have been cleared and added to PTAD payroll post verification of Civil Service, Police, Customs, Immigration and Prisons Pensioners across the country.

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