PTAD Commences Payment Of Consequential Adjustment To DBS Pensioners

The Pension Transitional Arrangement Directorate (PTAD) has commenced payment of consequential adjustment to pensioners under the Defined Benefit Scheme (DBS).

A statement by the Head, Corporate Communications, PTAD, Olugbenga Ajayi, said this is in fulfilment of the Executive Secretary, PTAD, Dr Chioma Ejikeme’s promise made when she announced President Muhammadu Buhari’s approval for the implementation of the consequential adjustment to the pension benefits occasioned by the new minimum wage increase of 2019.

It could be recalled that she promised that the upward adjustment of Pensioner’s benefit will take effect from May 2021.

“Consequently, Pensioners in the four operational departments of the Directorate namely: Civil Service Pension Department (CSPD), Parastatals Pension Department (PaPD), Police Pension Department (PPD), and Customs, Immigration and Prisons Pension Department (CIPPD), have begun to receive their accrued arrears.

“While reacting to the messages of gratitude received from some pensioners, the Executive Secretary assured them of PTAD’s commitment to the welfare of the DBS Pensioners.

“She cautioned them to beware of pension fraudsters who call pensioners pretending to be staff of PTAD, reminding them that no staff of the Directorate will request for gratification before processing their pension payment,” the statement stated.

The PTAD boss, in the statement, urged the pensioners to report such phone calls and other activities of the scammers to PTAD for adequate investigations and possible prosecution.