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.

Hot this week

Tinubu to Declare Niger Delta Economic, Investment Summit Open Sept 15

President Bola Ahmed Tinubu is expected to declare open...

NIA Raises Technical Committee on Agric Insurance, Reinsurance

The Nigerian Insurers Association (NIA) has inaugurated two new...

Stanbic IBTC Bank Nigeria PMI: New Order Growth Hits One-Year High in August

Nigerian companies increased business activity at a much faster...

Leadway Assurance Partners Orivon Unveils EEWYLA Program at LAUTECH

Oriyon International Limited, a livestock production and aggregation company focused...

Topics

CBN Vs NESG: Expert Warns of Negative Impact on Economy

Mr. Godwin Emefiele Governor Central Bank of Nigeria (CBN) The raging feud...

AfICTF President, Tony Ojobo to Speak at UN Seminar

The President of the African ICT Foundation, Mr. Tony...

NCC: MTN Nigeria Licence Not Renewed Yet

The Nigerian Communications Commission (NCC) says it has yet...

Ecobank Digital Channels: ‘Best Bet to Enjoy Safe, Convenient Digital Banking’

Ecobank advises its customers to utilise the bank’s digital...

SERAP Sues INEC over ‘Failure to Probe Alleged N800bn FAAC Diversion for Campaign Funding’

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit...

BUHARINOMICS: Charting Path to Sustainable Economic Renaissance

The presidential election was over on Saturday, March 28, 2015. It is now a historical document for academic research and street political analysis. On March 28, CHANGE triumphed over TRANSFORMATION AGENDA, leading to the emergence of General Muhammadu Buhari as President-Elect, Federal Republic of Nigeria. On May 29, Buhari will assume the leadership of the nation, bringing to an end, the regime of Goodluck Jonathan. For Buhari, it is a long road to Aso Rock. Three times he contested and lost. And three times he dusted the stinking ashes of defeat to rise again to seek for the same office. And on the fourth effort, he won. Either fortune smiled on him or the Gods took pity on him and handed him the office to break the cycle of defeat and save him from the poisoned pen of harsh historians and political propagandists.

VP Osinbajo Commissions Transcorp’s Afam 240MW Three Fast Power Turbines

  L-R: Vice President, Yemi Osinbajo; Group Chairman, Transcorp Plc,...

‘No Transparency in Nigerian State Budgets’

BudgIT is currently conducting its #StateofStates campaign which examines...