PTAD pays increment arrears to DBS pensioners

The Pension Transitional Arrangement Directorate (PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new 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.

This brings the arrears paid to a total of 18 out of the 24 months arrears of the Pension Increment.

This was contained in a statement by the Executive Secretary PTAD, Dr Chioma Ejikeme on Tuesday in response to the commendations from Pensioners on the payment of the arrears

It would be recalled that in May 2021, the Directorate implemented the consequential adjustment on Pensions as a result of the minimum wage increment of 2019 and commenced payment of arrears to the Pensioners of the four operational departments as directed by President Muhammadu Buhari.

The Civil Service Pensioners were paid 9 months of the arrears while Parastatals, Police and Customs Immigration and Prisons Pensioners were paid 12monhs arrears in May.

With this payment, each of the Pensioners in the four operational departments would have a balance of months six arrears left to be paid.

According to the Executive Secretary, the payment was to further support the Defined Benefit Scheme, DBS Pensioners especially during this festive period of the celebration of this year’s Eid-el Kabir.

While wishing all Muslim Pensioners a Happy Eid El Kabir, she promised to continue to support and promote the welfare of the Senior Citizens in accordance with the mandate of the Directorate.
(FRCN)