PTAD pays N6.314bn to 177,703 pensioners

December 6th, 2018

From Edet Udoh, Lagos

Pension Transitional Arrangement Directorate(PTAD) has paid N6, 31 billion being six months arrears of the 33% pension increment.

A statement yesterday by the management of PTAD, made available to journalists, said “the payment covers 101,393 Civil Service Pensioners on all grade levels and 76, 310 parastatals pensioners across 186 agencies”.

The Executive Secretary, Sharon Ikeazor, the statement stated, noted that pensioners’ welfare is a priority for the present administration.

“It will be recalled that PTAD had fully settled the inherited backlog of the 33% pension arrears of the Customs, Immigration and Prisons as well as Police pensioners in 2016 and 2018 respectively.

“The Executive Secretary further assured pensioners that the Directorate is working with its supervisory Ministry of Finance as well as other relevant government agencies to clear the outstanding balance”, the statement added.

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