PTAD pays N2.1 Billion as Pension Arrears in the 1st Quarter of 2019.

Pension Transitional Arrangement Directorate (PTAD) paid a total of N2,128,848,390.43 as pension arrears payments in the 1st quarter of 2019. 2,777 federal retirees received N1,453,608,468.50 while 264 Next of Kin (NOK) received N675,239,921.93.

Further breakdown from the 1st quarter report showed that the bulk of the payment to federal retirees went to 2,242 Civil Service Pension Department retirees who received N1,198,168,885.60 while 452 Parastatal Pension Department retirees received N132,123,211.23 and 83 Police Pension Department retirees received N123,316,371.67.

Parastatal Pension Department got the bulk of the amount paid to NOK with 258 Parastatal Pension Department retirees Next of Kin receiving N669,762,902.70 while only 6 Police Pension Department retirees Next of Kin received N5,477,019.23.

Pension Transitional Arrangement Directorate has said that pension arrears will be paid has funds are released for the payment by the Federal Government.