PTAD disburses N19b to pensioners, adds 7,969 retirees to payroll

The Pension Transitional Arrangement Directorate (PTAD) has said it paid a total of N18.99 billion to verified retirees in the country between January and March 2018.

It also enrolled additional 7,969 Civil Service Pensioners to its payroll to receive regular monthly pension benefits.

According to the Director-General of PTAD, Sharon Ikeazor, these Pensioners were verified in the South West and North Central in fourth quarter (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 are not in vain.

Before this addition, she explained that 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, which will conclude the payrolling of all verified pensioners.

In January 2018, the Civil Service Pension Department (CSPD) paid N2.215 billion to 111,525 pensioners, 219 Retired Permanent Secretaries and Heads of Service.

For the month of February, N2.216 billion was paid and in March, N2.216 billion 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 N4.097 billion in January 2018.

For the month of February, N4.134 billion was paid to the pensioners while N4.117 billion was paid in March.

For Pensioners verified in Q4 2017 and Q1 2018 under the Parastatal Pension Department (FHA, NNN, NICON, Nigerian-Re, DSC and 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 paid 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.