Pension News

PTAD Pays 15 months Inherited Unfunded Pension Liabilities for Nitel/Mtel Pensioners

Pension Transitional Arrangement Directorate (PTAD) has disclosed that it has paid 15 months of Inherited Unfunded Pension Liabilities for Nitel/Mtel pensioners.

PTAD Executive Secretary, Dr Chioma Ejikeme, made this announcement during her presentation at the 58th Session of the State House Briefing today where she spoke about the strides in Pension Service Delivery in Nigeria and also provided key updates on the Directorates’ activities.

Dr Ejikeme said N6.647bn was paid to 5,907 pensioners which is fifteen (15) months out of the outstanding sixty-three (63) months of the inherited unfunded pension liabilities. She said this was settled as part of President Muhammadu Buhari’s commitment to continue to clear backlog of inherited pension liabilities.

The Executive Secretary gave the assurance that additional funding of N5.745bn that is being expected from the Budget of the Federation, will be used to the pay fifteen (15) months of inherited unfunded pension arrears to the second and final batch of 5,238 Nitel/Mtel pensioners.

Signed
PTAD Management

Read more PTAD news here

Support PensionNigeria financially with N1,000 per Month HERE, or with any amount HERE
Empower us to do more independent analysis of the Pension Industry in Nigeria


Subscribe to PensionNigeria Daily News Broadcast on WhatsApp, just send “Subscribe” to 08160052802, PLEASE ensure you also save 08160052802 to your contacts as “PensionNigeria” to enable you receive the PensionNigeria News Broadcast.

Subscribe to PensionNigeria Daily Newsletter and get Today’s Top Pension News delivered straight into your email box every Evening.
If you have subscribed before and you still do not receive our Newsletter, please check your “Spam Folder”, if you find our Newsletter there, mark it as “NOT SPAM” or move it to your Inbox

Pension is Your Right,
An Insurance for Old Age
Follow PensionNigeria on Social Media LinkedIn Twitter Instagram Facebook YouTube

error: Content is protected.