PTAD Pays N1.7bn pension arrears to 5,382 new enrollees

The Pension Transitional Arrangement Directorate (PTAD) has paid N1.7bn outstanding pension arrears to 5,382 Civil Service Pensioners in the country.

These pensioners were among the 7,969 Civil Service Pensioners who were enrolled on PTAD monthly payroll in March 2018 with a total payment of N71.5m for the month.

PTAD also stated on Monday that it has also adjusted the monthly pension payments for 10,522 pensioners to reflect their correctly computed monthly pension based on their employment records.

From the adjustment, 4,292 pensioners had their monthly pension payments adjusted downward, while 6,230 were adjusted upwards.

The directorate assured all pensioners under the Defined Benefit Scheme who have outstanding pension arrears that payments would be made as soon as the Federal Government allocates and disburses funds.

The agency further assured its pensioners that President Muhammadu Buhari’s administration is committed to the welfare of Nigerian pensioners.