Thursday, July 31, 2025
28.3 C
Lagos

PTAD Adds 7,969 South-West, North-Central Pensioners to Payroll

The Pension Transitional Arrangement Directorate (PTAD) has added 7,969 Civil Service Pensioners to its payroll to receive regular monthly pension payments. These Pensioners were verified in the South West & North Central in 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 labours of our heroes is not in vain. Before this addition, 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 on-going is the computation of benefits for over 5,000 verified Civil Service Pensioners. This will conclude the payrolling of all verified Civil Service 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 & Q1 2018 under the Parastatal Pension Department (FHA, NNN, NICON, Nigerian-Re, DSC& 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 pay 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.

spot_img
spot_img

Hot this week

Two NCDMB Leaders Bag Doctorate Degrees at UNIPORT Convocation

Two senior officials of the Nigerian Content Development and...

Sovereign Trust Insurance Reports 109% Insurance Revenue Growth in 2024

Sovereign Trust Insurance Plc recently released its 2024 audited...

NAICOM Issues Guidelines for Insurtech Operations Effective Aug 1

The National Insurance Commission (NAICOM) has officially issued operational...

Leadway Assurance: Official Insurance Partner of Lagos International Trade Fair 2025

L–R: Juliet Okon, Head, Alternative Channel and High Net-worth...

NNPCL: Port Harcourt Refinery Not for Sale

Group CEO, NNPC Limited, Engr. Bashir Bayo Ojulari addressing...

Topics

NAIPCO 2022 Confab: The Importance of SMEs in Micro Insurance, Pension

As the November 3, 2022 date for the Annual National Conference...

World Bank, UN, IMF Unite Against Illicit Financial Flows

International Monetary Fund and World Bank announced on April...

Capital Express Assurance Sponsored FASU 2024 Games Ends in Style

The 2024 FASU Games sponsored by Capital Express Assurance...

Nigeria, Country Example, at Paris Corruption Conference

This week, 200 leading anti-corruption leaders are meeting in...

‘Coronavirus May Impact Insurance Business’

Ping An Insurance Group Co of China Limited, China’s largest insurer...

Union Bank Unveils Brand New Sonic Identity – The Sound of Union

Union Bank of Nigeria has launched a brand-new sonic...

UBA Reports N206bn Interest Income in H1 2020

Kennedy Uzoka Group Managing Director/CEO UBA Plc The United Bank for Africa...
spot_img

Related Articles

Popular Categories

spot_imgspot_img