Pension

PTAD renews commitment to wellbeing of 229,326 pensioners on payroll

Director, Parastatals Pension Department, Pension Transitional Arrangement Directorate, Kabiru Yusuf at the event.

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Chuks Udo Okonta

The Pension Transitional Arrangement Directorate (PTAD) has once again reiterated its commitment to the wellbeing of 229,326 pensioners it is presently paying their monthly pension benefits.

The Executive Secretary of the Directorate, Dr. Chioma Ejikeme, said this today at a training workshop for members of National Insurance and Pension Correspondents (NAIPCO) in Lagos, adding that over the years, PTAD has worked assiduously to change the narrative of pension administration in Nigeria, especially, under the Defined Benefits Scheme (DBS).

Dr. Ejikeme, who was represented at the event by the Director, Parastatals Pension Department, Kabiru Yusuf, noted that the directorate is proud to see that the hard work being carried out has yielded and has continued to yield positive results, stressing that pension management in Nigeria is a very sensitive issue and that PTAD has been at the forefront since the inception, ensuring that the welfare of pensioners under the defined benefits scheme remains a priority.

The PTAD boss applauded the robust relationship existing between the directorate and media, whilst pledging to foster the relationship to achieve the mandate of the directorate.

“It is our intention to foster the already robust relationship between PTAD and the media, correct all misrepresentations and inform them of next steps we intend to take as we work hard to ensure that the welfare of our pensioners is sustained,” she posited.

The Director, Civil Services Pension Department, Sulayman Shelleng, in a paper entitled: Overview of the Civil Services Pension Department, said the directorate inherited 129,999 civil service pensioners, verified 115,313 of them and presently has 107,785 on its payroll.

He maintained that the payment of 21 months arrears of consequential adjustment in pension by the directorate as a result of new national minimum wage has amounted to over N19 billion.

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