The Pension Transitional ArrangementDirectorate (PTAD) has completed the payment of arrears arising from the consequential adjustment to pensions to three out of the four operational departments in the Directorate.
Following the Presidential nod for a consequential adjustment to pension of the retirees under the Defined Benefit Scheme as a result of the increase in minimum wage in 2019, PTAD started payment of the pension increment in May 2021, with an accrued arrears of 24 months.
The Civil Service pensioners were paid nine months out of the 24 months’ arrears while the parastatals, Police, and Customs, Immigration and Prisons Pensioners got 12 in May.
In July 2021, PTAD paid an additional nine months of the consequential adjustment arrears occasioned by the minimum wage increase of 2019 to Civil Service Pension Department Pensioners and six months of the same arrears to Parastatals, Police, Customs, Immigration and Prisons Department Pensioners, thus bringing the arrears paid so far to a total of 18 out of the 24 months’ arrears of the Pension Increment.
The Executive Secretary of PTAD, Dr. Chioma Ejikeme in a statement stated: “In line with the promise earlier made, more of the accrued arrears have been paid, leading to a complete payment in three operational departments, with a promise to pay the remaining arrears before the end of first Quarter of 2022.
The cleared departments are parastatals; Customs Immigration and Prisons; and Police; while a balance of three months’ arrears is still owed the retirees under the Civil Service Pension Department.
Thanking the pensioners for their understanding, she promised to continue promoting the welfare of the senior citizens in accordance with the mandate of the Directorate.
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