Insurance

PTAD pays 18 months pension increment arrears to DBS pensioners

Dr. Chioma Ejikeme

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Chuks Udo Okonta

The Pension Transitional Arrangement Directorate (PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and 6 months of the same arrears to Parastatals, Police, Customs, Immigration and Prisons Department Pensioners. This brings the arrears paid so far to a total of 18 out of the 24 months arrears of the Pension Increment.

The Executive Secretary PTAD, Dr. Chioma Ejikeme made this statement today in her response to the commendations from Pensioners on the payment of the arrears.

It would be recalled that in May, 2021, the Directorate implemented the consequential adjustment on Pensions as a result of the minimum wage Increment of 2019 and commenced payment of arrears to the Pensioners of the 4 operational departments as directed by President Muhammadu Buhari.

The Civil Service Pensioners were paid 9 months of the arrears while Parastatals, Police and Customs Immigration and Prisons Pensioners were paid 12 monhs arrears in May.
With this payment, each of the Pensioners in the 4 operational departments would have a balance of 6 months arrears left to be paid.

According to the ES, the payment was to further support DBS Pensioners especially during this festive period of the celebration of this year’s Eid el Kabir. While wishing all Muslim Pensioners a Happy Eid El Kabir, she promised to continue to support and promote the welfare of the Senior Citizens in accordance with the mandate of the Directorate.

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