PTAD Pays N784,377,933.27 Pension Arrears to 502 Beneficiaries

Federal Government through the Pension Transitional Arrangement Directorate (PTAD) has paid 502 Civil Service Pensioners the sum of N784,377,933.27 (Seven Hundred and Eighty Four Million Three Hundred and Seventy Seven Thousand Nine Hundred and Thirty Three Naira Twenty Seven Kobo) as pension arrears.

The category of pensioners who received this payment include 262 verified eligible pensioners with complaints of non-payment of pension arrears from the North East, South East, North West and South South Zones. They received a total of N370,162,701.77 (Three Hundred and Seventy Million, One Hundred and Sixty Two Thousand Seven Hundred and One Naira Seventy Seven Kobo).

41 pensioners who were part of the 24,021 suspended in April 2018 for non-verification but have now been verified and restored to the monthly pension payroll with pension arrears for the months of April 2018 – June 2019 have received the sum of N15,543,703.96 (Fifteen Million Five Hundred and Forty Three Thousand Seven Hundred and Three Naira Ninety Six Kobo).

In the same vein, N398,671,527.54 (Three Hundred and Ninety Eight Million Six Hundred and Seventy One Thousand Five Hundred and Twenty Seven Naira Fifty Four Kobo) was paid to 199 verified eligible pensioners added to the pension payroll in July 2018 from the South West and North Central Zones.

The Directorate wishes to assure verified eligible pensioners awaiting payment of their pension arrears, that in line with restoring hope in pension administration under the Defined Benefit Scheme (DBS), outstanding arrears will be cleared.