PTAD Pays 33% Increment Arrears to Pensioners of 187 Agencies

The Pension Transitional Arrangement Directorate (PTAD) has paid the sum of N3,366,354,277.64 to pensioners of 187 agencies.

According to the management of the Directorate, “This is in fulfillment of President Muhammadu Buhari’s promise to clear outstanding pension arrears for pensioners under the Defined Benefit Scheme.

It said the payment covers six months of the outstanding arrears of the 33% pension increment for pensioners across 5 sectors as follows: Education, Health, Other Public Sector Research Institute (OPSRI), Power and Universities.

“PTAD has now offset 30 months arrears for pensioners in agencies across 5 sectors under Parastatals Pension Department (PaPD). It would be recalled that between June 2016 and December 2018, PTAD paid 24 months arrears to pensioners in these agencies.

At the time of its takeover of payment of Parastatals pension in 2015, the Directorate had inherited outstanding 33% pension increment liabilities from the various agencies.” PTAD stated.

The Directorate has assured that all arrears will be paid in due course.