PTAD Pays N1.7 Billion  Pension Arrears To 5382 Pensioners

Executive Secretary PTAD, Mrs Sharon Ikeazor

The Pension Transitional Arrangement Directorate (PTAD) said it has paid about 5,382 Civil Service Pensioners outstanding pension arrears to the tune of N1.7 billion.

The Directorate also said that it has reviewed downward, the Monthly Pension of about 4,292 pensioners who were hitherto receiving pensions above what they are entitled to.

In a statement from the communication unit of the agency, PTAD said the number is part of the 7,969 Civil Service Pensioners who were enrolled on its monthly payroll in March 2018 with a total payment of N71.5m for the month.

The statement said further that the agency has also adjusted monthly pension payments for 10,522 pensioners to reflect their correctly computed monthly pension based on their employment records.

According to them, while 4,292 pensioners had their monthly pension payments adjusted downward, the pension of 6,230 was adjusted upwards.

The Directorate assures all pensioners under the Defined Benefit Scheme who have outstanding pension arrears that payments will be made as soon as the Federal Government allocates and disburses funds, adding that the Buhari administration was committed to the welfare of Nigerian pensioners.-Nation