PTAD to begin verification of 104,133 pensioners under DBS

April 15th, 2019

From Edet Udoh, Lagos

The Pension Transitional Arrangement Directorate (PTAD) has concluded arrangements for the verification exercise of 104,133 pensioners and next of kins of 270 Federal funded parastatals, agencies and institutions under the Defined Benefit Scheme (DBS).

A statement by the Directorate said the verification exercise which will take place across the six geopolitical zones and Lagos will also take care of pensioners of Nigeria Aviation Handling Company (NAHCO); Assurance Bank; Nigerian National Shipping Line (NNSL) and Aluminium Smelter Company Of Nigeria (ALSCON).

“The first phase of the verification will commence in Lagos from Tuesday April 23rd, 2019 to Thursday 9th of May, 2019 in centres located in Ikeja, Ketu, Akoka, Ebute Metta and Lagos Island.

“Other phases of the exercise will be held in states in the different geopolitical zones on the following dates: South South (May 20th – June 1st, 2019), South West (June 10th – June 26th, 2019), North Central (July 8th– July24th, 2019), North East (August 5th – August 9th, 2019), North West (August 19th – September 2nd, 2019), South East (September 16th – October 2nd, 2019),” the statement explained.

It added that “the exercise is to validate inherited payrolls from the various defunct pension boards and offices which handled payment to pensioners under the Defined Benefit Scheme and to create a comprehensive digital database of pensioners. The exercise will also facilitate easy access and retrieval of records for computation and prompt complaints resolution. It will also ensure that monthly pension is accurately calculated and reflects application of relevant pension statutes, policy and salary structures.”

This verification exercise, it noted “is not for Customs, Immigration and Prisons Pensioners, Civil Service Pensioners or Police pensioners. The exercise is also not for Parastatals Pensioners that have already been verified which includes the following: Delta Steel Company (DSC), NITEL/Mtel, NICON Insurance, Nigeria Reinsurance, New Nigeria Newspapers (NNN), Savannah Sugar Company Ltd, Federal Housing Authority (FHA), Nigerian Defense Academy (Civilians).”

The Directorate reiterated in the statement that the verification of pensioners and next of kins will be done in phases across the country, stating that Pensioners should please note that they do not have to travel to the state they retired from to be verified. They will be verified in the state they currently reside.

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