Pension News

PTAD Pensioner Diaspora Verification Survey (For USA Residents)

Pension Transitional Arrangement Directorate (PTAD) has launched a diaspora verification survey for pensioners in the United States of America.

Statement released by PTAD.

The Pension Reform Act 2014 establishing PTAD mandates the agency to administer the pension of retirees of the old pension offices for the Police, Customs, Immigration, Prisons, Civil Service and the various Pension Boards of Trustees of Parastatals, Universities and Research Institutes.

PTAD is thus responsible for pensioners who were previously being managed under the old pension offices and which have now been consolidated under the Defined Benefit Scheme (DBS). The DBS is for those category of pensioners that served the Federal Government and retired on or before 30th June, 2007 and did not transit to the Contributory Pension Scheme.

Categories of Pensioners

Pensioners that served only the Federal Government, including the following: Ministries, Departments, Agencies; Nigeria Police Force; Nigeria Immigration Service, Nigeria Custom Service, Nigeria Prison Service (together with De-mobilized officers and Ex-Biafra or War Affected Officers who were granted Amnesty in May 2000); and Parastatals (such as Universities, Research Institutes, Hospitals, Railway, River Basins, PHCN, Steel Rolling Companies, etc.).

Pensioners that served both the Federal and State Government, who were employed in the regional governments before the creation of states on 1st April, 1976; or who transferred their service between Federal and State within the qualifying period of the Defined Benefit Scheme.

Read more PTAD news here

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