NAHCO ex-workers insist on N1.13 billion severance, file suit
Ex-workers of the Nigerian Aviation Handling Company (NAHCO) Plc, have said that the contentious N1.13 billion pending at the Pension Transitional Arrangement Directorate
NAHCO, ex-staffers in tango over severance benefits
Ex-staffers of the Nigerian Aviation Handling Company (NAHCO) Plc, and the management are in a row over allegations of unpaid severance gratuities, following the privatisation of the company in 2005.
Untold hardship of old retirees over unpaid pension
These were the lamentations from the 87-year- old retiree, Mrs Comfort Tinuade Williams. Williams retired from the Federal Ministry of Works and Housing on May 18, 1992, after spending 33 years in active service. She has not been paid any pension since May 2009 to date.
PTAD begins verification of parastatals pensioners in North East
The Pension Transitional Arrangement Directorate (PTAD) on Monday commenced verification of Federal Government pensioners in North East who served in parastatals
PTAD spends N102b on pension payment in 15 Months
Pension Arrangement Department (PTAD) has said pensioners under the Defined Benefit Scheme (BDS) have received N102.82b pension between January 2018 and March 2019. A breakdown of the money shows that N59.97b was utilised to fund Parastatal Pension Department in 15 month, N45.05b in 2018 while N14.92b was spent in the first quarter of this year.…
PTAD to engage 48,000 pensioners in phone-call based survey
The Pension Transitional Arrangement Directorate (PTAD) has begun a satisfaction survey towards improving on its service delivery to pensioners. It said the phone-call based survey, which will run from March 2019 to May 2019 and phone calls to pensioners will be between the hours of 9:00 a.m. and 4:00 p.m., aimed to gauge the pulse…
Senators query high budgetary releases to finance ministry
The Senate Committee on Finance on Monday queried the Federal Ministry of Finance for high budgetary releases to itself and some of its parastatal agencies. Members of the committee raised the question when officials of the ministry appeared before them to defend their 2019 budget proposals. The committee noted that amid complaints of paucity of…
Ikeazor, PTAD boss, wins Africa pension award
Executive Secretary of Pension Transitional Arrangement Directorate (PTAD), Sharon Ikeazor, has won this year’s Africa Pension Personality...
FG begins verification of Savannah Sugar Company retirees, 17 years on
The ordeal of the 1,731 retired workers of the defunct, Savannah Sugar Company, in Numan, Adamawa State, acquired by the Dangote Group of Companies in 2003, during the administration of former President Olusegun Obasanjo will soon be over, as Federal Government commenced the verification exercise of all retirees and retrenched workers. In a statement issued…
PTAD seeks fund to clear pension arrears backlog
The Pension Transitional Arrangement Directorate (PTAD), is seeking the release of funds to complete payment of the outstanding balance of 33 per cent pension arrears increase before the end of 2019.According to the directorate, the release of funds ....