Tag: PTAD

  • PTAD pays 237,306 pensioners for July

    PTAD pays 237,306 pensioners for July

    The Pension Transitional Arrangement Directorate (PTAD) said yesterday it has paid out N7,389,954,164.03 as July pensions to about 237,306 pensioners of Federal Government’s agencies under the Defined Benefit Scheme.

    PTAD added that it will transfer payment of pensions of retired Heads of Service and permanent secretaries, who fall under the Contributory Pension Scheme to the National Pension Commission (NPC) from January 2018.

    A statement from the management of PTAD said   98,362 pensioners, who retired from the Parastatals Pension Department (PaPD), 16,111 pensioners under Police Pension Department (PPD), 110,753 under Civil Service Pension Department (CSPD) and 12,080 under Customs, Immigration and Prisons Pension Department (CIPPD) were paid.

    The statement said the directorate was committed to keeping its promise of making prompt payment to pensioners as at when due, stressing that PTAD is a Treasury Funded Agency and rely on financial releases from government to pay the workers.

    In a separate statement, PTAD said the payment of retired Federal Heads of Service and permanent secretaries, who fall under the Contributory Pension Scheme, will now be done by PENCOM with effect from January, 2018.

    It said while there are 217 retired Federal Heads of Service and Permanent Secretaries, 137 fall under the Defined Benefit Scheme (DBS) and 80 are on the Contributory Pension Scheme (CPS).

    The statement added that by law, PTAD administers all pension matters under the Defined Benefit Scheme. PENCOM handles retirees under the Contributory Pension Scheme.

    It added: “Under two Memoranda of Understanding (MoU) signed in 2016 and 2017 between both pension agencies, an agreement was reached for PTAD to pay the monthly pensions of retired Federal Heads of Service and as such, budgetary provisions were made in the 2017 Budget for payment of all 80 retired Federal Heads of Service and Permanent Secretaries under the Contributory Pension Scheme.

    “Thus far, PTAD has been able to ensure that these senior citizens have received their pension entitlements till date and will continue to do so until December 31, 2017.

    “PENCOM has prepared the necessary guidelines for the payment of the retired Federal Heads of Service and Permanent Secretaries under the CPS.

    “This was a critical area the Executive Secretary of PTAD, Sharon Ikeazor, had earlier stressed a need for, to ensure smooth transition devoid of hitches which could negatively impact on pension payments.”

  • NICON surrenders N13b assets to PTAD

    In compliance with the directive of the Federal Government through the Pension Transitional Arrangement Directorate (PTAD), NICON Insurance Company Limited has transferred 28 landed properties in lieu of cash payment tentatively valued at N13 billion as pension legacy funds  in its custody.

    NICON Insurance had in its custody legacy funds meant for pensions of over 50 parastatals and agencies under the Defined Benefit Scheme (DBS) to the tune of N13 billion.

    Executive Secretary, Pension Transitional Arrangement Directorate (PTAD) Sharon Ikeazor made this known at the handing over of landed properties in lieu of cash payment as legacy funds by NICON Insurance Company Limited in Abuja.

    The PTAD boss, who praised the firm, said the transfer by the underwriting firm is an execution of a Memorandum of Understanding (MoU) between the directorate and the firm.

    She said the Directorate last year issued demand notices on the insurance companies holding legacy funds meant for payment of pensioners under the DBS to transfer outstanding funds into ‘’our dedicated e-Collection account with the Central Bank of Nigeria (CBN’’

    She disclosed that aside from NICON, only Leadway Assurance Limited, Custodian Life Assurance Limited, LASACO Assurance Plc and African Alliance Insurance Plc have honoured their demand notices by transferring all or part of the outstanding funds in custody to the Directorate.

    She explained that the Pension Reform Act (PRA) 2014 vested all pension assets, funds and liabilities in PTAD.

    She warned that it has become imperative for other concerned companies still holding unto legacy funds to transfer them to PTAD without further delay, noting that the intendment of the Federal Government in releasing these funds is to grow them for the prompt payment of pension to pensioners.

    She said: “Following the consolidation of treasury funded parastatals’ pension by PTAD in August, 2015, the Federal Government discontinued the release of pension intervention funds to insurance companies. It is in fulfillment of its mandate under the Act that PTAD took over the administration of Legacy Pension Funds and assets in the custody of insurance companies and Boards of Trustees of treasury funded Parastatals, and directed the concerned companies to transfer all legacy funds and assets in their custody to PTAD.

     

    In compliance with the directives, some insurance companies and Pension Boards of Trustees have transferred funds and assets to PTAD.

    “As at the time I assumed office in October, 2016, the Federal Government was yet to recover the legacy pension assets and funds worth over N23 Billion in the custody of the insurance companies. So far, over N880 Million has been recovered within the last six months bringing the total recovery to N5.6bn. We issued demand notices on the insurance companies involved, for the transfer of these outstanding funds into our dedicated e-Collection account with the CBN. Till date, it is only Leadway Assurance Limited, Custodian Life Assurance Limited, LASACO Assurance Plc and African Alliance Insurance Plc that honoured our demand notices by transferring all or part of the outstanding funds in custody to the Directorate.”

    “NICON has joined the league of responding companies in transferring the ownership of fixed assets to PTAD in lieu of cash payment as evidenced by the MOU we are executing today. We shall, as a matter of urgency and on the strength of the MOU formally takeover, free from encumbrances, the properties which are listed and described under the Schedule to the MOU in lieu of cash payment at a value to be determined by both parties as legacy funds and assets in the custody of NICON Insurance which it held in trust for pensioners.”

    She stressed that NICON handover of funds and assets is both symbolic of Government’s intolerance to the delay in the transfer of the legacy funds to PTAD and a warning signal that the wheel of justice may begin to roll much faster towards achieving higher level of compliance.

    The Directorate will in collaboration with the NAICOM, ICPC, EFCC and Ministry of Finance continue to enforce the right of pensioners towards the early recovery of legacy funds within the next 18 months towards defraying Government’s liabilities arising from the non-payment of pensions, she added.

     

  • PTAD, please pay my pension arrears

    SIR: I wrote a passionate appeal letter sometime in February concerning non-payment of arrears of my pension since September, 2009 (now close to eight years).

    Officials of Pension Transition Arrangement Department (PTAD) acknowledged the letter and asked me to re-submit all necessary relevant documents to their office which I did in the month of February, and which they also acknowledged. But up till now, I am yet to be paid my pension arrears.

    This situation has meted further untold hardship to me and my family as I have not been able to meet most of my financial obligations and commitment as a family man. My children are out of school because of non-payment of school fees. In fact I am now seriously in debt.

    I am therefore using this medium again to further passionately plead and appeal to you to use your good offices to please urgently and kindly come to me and my family’s aid and assistance

    My name is Hassan Samusi Olusegun. I retired voluntarily as a Principal Executive Officer (PEO) (Accounts) grade level 12 step 9 from the Federal Ministry of Education, Abuja on December 1, 2003. My monthly pension is supposed to commence in September 2009 due to my age at the time of voluntary retirement.

    My E-PENSION verification number is EPENHOS127375 and my file number at the Federal Ministry of Education is P62563.

    My Bank is First Bank Plc and my account number is 3009873620. My Bank verification number is 22163043179.

    My telephone numbers are: 08036400740, 07084399033

     

    • Hassan Samusi Olusegun,

    Lagos.

  • PTAD to pay N220b for 33%, other arrears

    PTAD to pay N220b for 33%, other arrears

    HE Pension Transitional Arrangement Direstorate (PTAD) is to pay about N220billion outstanding liabilities from 33 per cent pension increase, unpaid gratuities and death benefits to deceased pensioners to next of kins, among others. The sum, according to its Executive Secretary, Mrs. Sharon Ikeazor, is to settle pensioners under the Defined Benefits Scheme (DBS).

    The pensioners, Ikeazor said, were drawn from the Civil Service Pension Department, Police Pension Department and Parastatals Pension Department.

    According to her, the PTAD has the outstanding liabilities from the 33 per cent pension increase, which stand at N55.854 billion.

    She said other outstanding liabilities comprises pensioners, who have been verified and found to have been short paid, omitted from payroll for a period or completely omitted, unpaid gratuities, death benefits to deceased pensioners, unpaid harmonisation and state pensioners with Federal share, who are not on the payroll and are entitled to pension to the tune of N118.76 billion.

    Giving a breakdown on categories of pensioners entitled to the N55.8 billion, she said while 18 months arrears of N9.28 billion is to be paid to pensioners on Level 17 and below from the Civil Service Pension Department and 66 months arrears of N8.81 billion is to be paid to state pensioners with Federal share, 42 months arrears of N2.14 billion is to be paid to the defunct Jos, Katsina and Osogbo Rolling Mills pensioners.

    She stated that the Directorate is also expected to pay pensioners on payroll of the Police Pension Department 39 month’s arrears of N5.75 billion and 30 months arrears of N28.47 billion to pensioners on payroll of the Parastatals Pension Department.

    She, however, noted that the Directorate has been able to settle all arrears of 33 per cent of pemsion up to 42 months of pensioners on payroll of Customs, Immigration and Prisons.

    She pointed out that the Directorate has also paid 24 months arrears to Level 17 and below from the Civil Service Pension Department, three months to pensioners on payroll of the Police Pension Department and 12 months to those on payroll of Parastatals Pension Department.

    She noted that the Directorate was yet to pay pensioners suspended from payroll meant to be returned after clearance.

    She said: “PTAD has categorised the unfunded liabilities into two, namely 33 per cent pension arrears and other outstanding liabilities. The 1999 Constitution of the Federal Republic of Nigeria Section 173 (3) states that, ‘pensions shall be reviewed every 5 years or together with any Federal Civil Service reviews, whichever comes earlier’.

    “In July 2010, there was a salary review of serving officers by 53.37 per cent and that of pensioners was increased by 33 per cent in line with the constitution. However, the implementation of the 33 per cent increment did not take effect till October 2014 when funds were released.

    “That was preceded by the release of a circular from the National Salaries, Income and Wages Commission, referenced SWC/04/S.542/26 and dated 26th September 2014. By December 2014, more money was released to pay the arrears from January to September 2014, completing the whole of 2014, leaving an outstanding of 42 months i.e July 2010 to December 2013.”

    Ikeazu also gave updates on civil service verification.

  • PTAD pays monthly pension, says minister

    PTAD pays monthly pension, says minister

    •Customs, others paid N7.42b

    The Pension Transitional Directorate Department (PTAD) is up to date in monthly pension payment to genuine pensioners under the old scheme, the Defined Benefits Scheme (DBS), Finance Minister, Mrs. Kemi Adeosun, has said.

    Speaking at the House of Representatives’ plenary on the motion for the need for the Federal Government to intervene in the financial challenges facing  pensioners in Abuja, she said the Directorate has made a lot of progress with pensioners enrolled under the DBS.

    Also speaking, PTAD Executive Secretary, Mrs Sharon Ikpeazu, said  the Directorate has paid N7.42 billion as monthly pensions to 223, 385 pensioners from Civil Service Pensions, Customs, Immigration and Prisons Pension, Parastatals Pension and Police Pensions.

    Mrs Adeosun assured that President Muhammadu Buhari  has made pension payment a priority and will always ensure that pensions are not owed to anyone.

    She said pension matter is not a money issue, but people’s issue as everyone  will  be a retiree someday, adding that the PTAD embarks on regular mobile verification for aged pensioners.

    “PTAD pensioners have never been owed a month of their payments and have paid pensioners up till date. The unnecessary stress on the aged and sick pensioners for regular verification has become a thing of the past as PTAD embarks on a regular mobile verification for aged pensioners. They go from one local government to the other and to their homes as soon as pensioner’s relatives contact PTAD for such exercise. The president is resolute to ensure that pensioners never have to wait for their pension due to delay,” she said.

    The Directorate, according to Mrs Ikpeazu, has paid the monthly pension up to date, including that of March this year.

    She stated that  no pensioner on the payroll is being owed arrears in monthly pensions.

    “The PTAD has made it a policy to pay pensioners their monthly pensions before the end of every month, subject to availability of funds. All payrolls are approved by 15th of every month.

    “As at March this year, the PTAD has paid 96,990 pensioners from the Civil Service Pensions, about N2.11 billion and N628 million to 12, 107 pensioners from Customs, Immigration and Prisons Pension. In the same vein, 98,248 pensioners from Parastatals Pension have been paid N4.13 billion while 16, 040 police pensioners have also been paid N559 million.

    “The PTAD was established in August, 2013 and is responsible for the management of pensions under the DBS.

    “It manages the pensions of those who are not transiting to the Contributory Pension Scheme (CPS) managed by National Pension Commission (PenCom).

    “The difference between the PTAD and PenCorn is that PTAD handles the old scheme i.e the DBS and not the CPS,” she added.

  • FG sacks five PTAD directors over employment irregularities

    Five Directors of the Pension Transition Administration Directorate (PTAD) have been sacked for alleged irregularities discovered in their appointments.

    Highly placed sources in the agency charged with the payment of pension to federal pensioners who retired under the defined benefit scheme said the affected directors were indicted by a staff audit carried out by the office of the Head of Civil Service of the Federation.

    The affected Directors are Taiwo Ogundipe (Parastatal Department), Atiku Dambatta (Police Pension Department), Roz Ben-Okagbue (Pension Support Services Department), Uloma Uruakpa (Custom, Immigration and Prison’s Department) and Godson Ukpevo (Civil Service Pension Department).

    Details of their disengagement were not available as at the time of this report and it was not immediately clear if the directors were the only staffers of the agency affected by the audit.

    It was gathered they received their sack letters on Friday with a directive to hand over to the next senior officer in their respective  departments.

    The Directorate was established by the government to address the numerous pensioners’ complaints that bother on non-payment of monthly pension, short payment of pension and gratuity.

    It also handles removal of name on pension payment voucher, non-payment of harmonized pension arrears, irregular payment of federal pensions and non receipt of pension after retirement.

    It was empowered by Section 30, Sub Section (2a) of the Amended Pension Reform Act, 2004 to take over the management of three of the offices presently running the old pension scheme.

    These are the Civil Service Pension Department, the Police Pension Office and the Customs, Immigration and Prisons Pension Office (CIPPO).

    Efforts to authenticate sack of the directors were unsuccessful as the Executive Secretary of the Directorate, Barrister Sharon Ikeazor, could not be reached as at the time of this report.

    But competent sources said the directors have started writing their hand over notes.

  • Knocks for PTAD over verification

    Knocks for PTAD over verification

    Condemnation have trailed the Pension Transitional Arrangement Directorate’s (PTAD) mode of verifying sick and bedridden Federal Government pensioners under the Defined Benefit Scheme.

    Experts and pensioners accused the Directorate led by its Executive Secretary, Sharon Ikeazor, of being backward in its verification method, saying the body ought to have moved to the homes of the frail and sick pensioners for the exercise.

    They cited the Lagos State government, which has provision for verifying not only the sick pensioners, but also those who are too old to move around in their homes.

    Although the Nigeria Union of Pensioners, Delta State Council last week lauded the Directorate for creating a special centre for verifying the sick and special federal pensioners, experts criticised the act, noting that it was cruel to bring the pensioners out and display them as seen in the pictures from the exercise held two weeks ago in the state.

    An expert, who spoke with The Nation, described the PTAD’s action as humiliating and dehumanising.

    According to him, the pictures of PTAD officials carrying frail-looking pensioners show lack of empathy on by the Directorate in its pursuit to eradicate ghost pensioners from the system.

    He advised the Directorate to embrace the technetronic age.

    A pensioner at the University of Lagos State, Akoka, Moses Ogunsola, said PTAD’s non-payment of pension and gratuities of many pensioners across the country has brought upon them sicknesses and in some cases deaths.

    He said: “The women seen in the pictures would have been able to buy medicine and feed well if PTAD had paid them. But they were left to become sick, brought forward for display and they expect the public to applaud them.

    ”The recent photograph of PTAD in the front pages of newspapers carrying an obviously sick and fragile pensioner to a pensioners’ verification centre is an arrogant display of callousness on the part of PTAD. What stopped the officials verifying the women seen in the pictures where they were instead of displaying them? It is sheer wickedness.

    “If the pensioners had been paid their pension as and when due, they would have fed themselves better and be able to buy medicines than the frail looks, which obviously was due to malnutrition.

    “I am a pensioner and I know what I am passing through, having not been paid my gratuity since 2004, when I retired meritoriously from the University of Lagos. Aside from not paying my gratuity, they refused to pay my July 2015 monthly pension and all efforts to make them pay have proved abortive. Many of us have the same problem and when we go to their Lagos branch, they will start asking us to go and bring bank statement of two years, three years and sometimes 10 years. Where do they expect us to get money to print bank statements when, indeed, they ought to have records of payments to every pensioner?

    Another pensioner, who gave his name as Mustapha, called on President Muhammadu Buhari to rescue them.

    “PTAD has ignored all our petitions and appeals. We are calling on President Muhammadu Buhari to help us. He should look into our matter and pay pensioners their dues instead PTAD’s shed of crocodile’s tears.

    “My colleagues and I are suffering. We can barely feed ourselves, despite serving the country with our strength. PTAD should do the right thing instead of playing to the gallery around the country.

    Mrs Kuti Olayinka, a pensioner of the federal Civil Service, lamented that despite the verification, PTAD had  not paid her six years’pension after stopping it in August 2010.

    “I was disengaged from the service in July 2006 on a wrong level 07, instead of Gl 08, and I was paid my pension in 2009, which was stopped in August 2010 till. I have not been paid for six years, despite going through all verifications.

    “I wrote several complaints after submitting all the required document at the Lagos office in May 2016, yet I did not receive any response from them,” she added.

    A Radio Nigeria retiree, Emmanuel Omolah, in his letter to The Nation entitled, “Cry for help”, said PTAD’s non-payment of his pension arrears had caused him agony, such that he visited the hospital regularly for treatment, though he was not getting the medication due to lack of funds.

    “I thank the newspaper most sincerely for the efforts to ensure that PTAD pays my pension arrears and put me on monthly pay-roll. So far, PTAD has not done anything. In November, last year, they requested for the original of my file from my former employers Radio Nigeria, Lagos and it was immediately forwarded to them in Abuja.

    “Painfully, up till now, PTAD has refused to pay my pension arrears and has not placed me on monthly pay roll. The arrears was due for payment in April 2016 while the monthly pension has been accumulating since then. I don’t know what else to do for PTAD to answer me. The matter has caused me so much depression, such that I now visit the hospital regularly for treatment which I am not getting due to lack of funds.

    “Severe family commitments have also compounded my situation. I am on the brink of being evicted by my landlord because of accumulated rents and my children have been sent back home from school due my inability to pay their school fees. Please, tell PTAD that I am begging them to consider my plight and attend to me,” he said.

    PTAD’s spokesperson, Mrs. Theodora Amaechi, said confirmed that officials of the Directorate went to the homes of sick pensioners to verify them.

    She explained that the verification centre was only for people who could come out of their homes.

    She, however, noted that the Directorate officials could not go to the homes of all the sick pensioners, adding that it only went to those who  could still manage to come out.

  • PTAD commences verification exercise in A/Ibom

    The Pension Transitional Arrangement Directorate, PTAD, yesterday said it inherited a database of pensioners that was not verifiable.

    The Executive Secretary of PTAD, Mrs. Sharon Ikeazor, disclosed this at the verification exercise for federal pensioners and state pensioners with federal share in Uyo, Akwa Ibom State capital.

    She explained that that verification exercise was necessary to determine government’s liability and to ensure that right pensioners are on the payroll of PTAD.

    Mrs. Ikeazor said PTAD would verify close to 10, 000 pensioners during that exercise that would last for nine days.

    Her words: “PTAD came into existence in 2014 because of all the plethora of complaints and mismanagement of pension in Nigeria. Every pensioner that is verified by PTAD is put on the payroll and they are assured of their pension.

    “If we don’t do this verification exercise, how do we know the number of pensioners that the government has to pay? We need to determine government liability. This is why we are doing the verification so that the right pensioners are put on the payroll.

    “Again when PTAD was established we inherited a database that we cannot verify. Not a very credible database, you know what I mean by that. So with this verification, we are cleaning out the database so that those who are meant to receive pension receive and those who are not meant to receive are taken off.”

    Mrs. Ikeazor also said that it would take PTAD between three to four months to process pensioners’ claim after the verification exercise.

    Also, the National President of Nigerian Union of Pensioners, Dr. Abel Afolayan, assured that with the verification exercise, the problems of pensioners not receiving their pension would be a thing of the past.

     

  • PTAD, please pay my pension arrears

    SIR: I retired voluntarily as a Principal Executive Officer [Accounts] Grade Level 12 Step 9 in the Federal Ministry of Education, Abuja on December 1, 2003. My monthly pension is supposed to commence in September 2009 due to my age at the time of retirement. I took part in the E-PENSION VERIFICATION EXERCISE in September, 2010 at the Federal Civil Service Club, Awolowo Road, Ikoyi, Lagos. But up till now, I am yet to collect any money as my monthly pension because I am yet to be enrolled into monthly pension payroll.

    This situation has meted untold hardship to me and my family as I have not been able to meet most of my financial obligations and commitments. Apart from this, all the feasibility reports concerning some viable business proposals I have written are all lying idle because of lack of funds.

    My name is HASSAN SAMUSI OLUSEGUN. My E-pension number is EPENHOS127375 and my file number at the Federal Ministry of Education is P62563. My phone numbers are: 08036400740, 07084399033

     

    • Hassan Samusi Olusegun,

    Lagos.

  • PTAD registers 4,370 pensioners 

    PTAD registers 4,370 pensioners 

    The Pension Transition Arrangement Directorate (PTAD) has captured the biometrics of 4,370  pensioners.

    Also, about  9,000 pensioners have been weeded out of the pension payroll for not having Bank Verification Number( BVN).

    A statement in Abuja by  PTAD said: “PTAD has recorded a huge milestone in the North-East  following the outcome of the verification exercise of Civil Service pensioners carried out by the agency in four states in the zone.

    ”In the verification exercise which covered Taraba, Adamawa, Bauchi and Gombe, the Directorate was able to capture the biometrics of 4,370  pensioners, a figure which represents about 75 percent of the projected number of pensioners in those four states. This was contained in the interim report from the zone.

    “The team which was personally headed by the indefatigable Executive Secretary of the Directorate Sharon Ikeazor, travelled through the four states within a week to carry out the exercise.

    “Those who did not have Bank Verification Number (BVN) during the exercise, were given on-the-spot assistance to the banks to obtain their BVN in line with the transparency initiative of the Executive Secretary, who is determined to weed out ghost pensioners from the books and records of the Agency.

    “The Directorate also visited the hospitals to capture those who were indisposed.”

    The agency claimed that it had weeded out about 9,000 pensioners who did not have their BVN details.

    The  statement quoted  Ikeazor as saying: “We are not only determined to clean up the books in line with the zero-tolerance initiative of the President, we are poised to remove the negative perception which the Directorate has suffered before this new administration.

    “We will continue to insist that the right things are done in a manner that will enhance the operations of the Directorate to meet its core mandate to pensioners.

    “The Agency’s “intention is primarily to ensure that no one pensioner is left out in the exercise. We try as much as possible to go the extra mile in ensuring that every eligible pensioner is captured in our database.

    “That is the only way to ensure equity and all-inclusiveness”.  According to her, “pension right is human right. It is not a favour for the average pensioner but a right which is guaranteed in the 1999 constitution of the Federal Republic of Nigeria.”

    It added that arrangements were already in place to “carry out the verification exercise of Borno and Yobe states which were earlier delayed.”