PTAD pays 177,703 pensioners 33% arrears

The Pension Transitional Arrangement Directorate (PTAD) has paid  N6.314 billion being six months’ arrears of the 33 per cent pension increment.

The payment covers 101,393 civil service pensioners on all grade levels and 76, 310 agencies.

Its Executive Secretary, Sharon Ikeazor in a statement, said pensioners’ welfare is a priority of the President Muhammadu Buhari led administration.

She stated that PTAD has fully settled the inherited backlog of the 33 per cent pension arrears of the Customs, Immigration and Prisons as well as Police pensioners in 2016 and 2018 respectively.

The Executive Secretary further assured pensioners that the Directorate is working with its supervisory Ministry of Finance as well as other relevant government agencies to clear the outstanding balance.

Sequel to this, several pensioners under the Defined Benefit Scheme (DBS), managed by PTAD have clamored for pension increase.

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