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
spot_img
spot_img
spot_img

Hot this week

Ecobank Advances Youth Innovation as Top 20 InnovateX Finalists Emerge for N20m Prize Pool

Ecobank Nigeria has announced the Top 20 finalists for...

Ecobank Advances Youth Innovation as Top 20 InnovateX Finalists Emerge for N20m Prize Pool

Ecobank Nigeria has announced the Top 20 finalists for...

Stanbic IBTC Capital Wins Four Honours at 2026 AIHN Investment Banking Awards

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

New Africa Fintech Audit Puts Disclosure, Dispute Handling in Focus

In Africa’s fast-evolving fintech market, growth and brand recognition...

RMB Nigeria Wins Merchant Bank of the Year for Eighth Time, Earns Deal Advisory Excellence Honour

L-R: Sector Head, TMT, Fintechs and Multinational Corporates (MNCs),...

Topics

Sterling Bank, Optometrists Sign MoU on Funding, Capacity Building 

L-R: President of Nigerian Optometric Association (NOA), Dr. Obinna...

Olam to Speed Innovation to Address Global Food Security

 Olam International, in partnership with Agropolis Fondation, is on...

Ecobank Kicks Off 5th Edition of Adire Lagos

Ecobank Nigeria has kicked-off the fifth edition of the...

Royal Exchange General Insurance Names Agili as New CEO

The Board of Directors of Royal Exchange Plc, has...

NDIC Organises Capacity Workshop for Law Enforcement Agencies

L-R DCP. Ayoola Ajala, Co-ordinator, Financial Malpractices Investigation Unit;...

UN: Digital Payments to Ebola Workers Saved Lives, $10m

Mobile phones serving as "digital wallets" for payments to...

FG Unveils Taskforce on Presidential Petroleum Reform, Value Optimisation

President Bola Ahmed Tinubu has approved the establishment of...

Epetimehin to deliver inaugural lecture on Micro-insurance @ JABU

Chairman, Mofes Insurance Brokers Limited, Prof Festus Mobolaji Epetimehin  will...
spot_img

Related Articles

Popular Categories

spot_imgspot_img