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We Will Pay You Now, PTAN Executive Secretary SaysTo Unpaid Federal Pensioneers

The Executive Secretary of the Pension Transitional Arrangement Directorate, Mrs. Sharon Ikeazor, has stated that all federal retirees who have not been receiving their pensions will be placed the federal payroll after verification.
nigerian pension scheme
PTAN Executive Secretary, Mrs. Sharon Ikeazor
Mrs. Ikeazor spoke during the verification of federal civil service pensioners under the Defined Benefit Scheme which took place in Lagos on Monday.
The PTAD boss also further said that the federal government was working out some modalities in order to settle the arrears of the 33 per cent increase in federal pensions payable to more recent retirees, since the number of unpaid pensioneers had not remained static all through the the period over which the pensions were not being paid.
From the statements made by the PTAN Exceutive Secretary, it is clear that the Federal Government is now saddled with the duty of keeping up with previous federal pension funds while incorporating the new influx of pensioneers from around the country, and from various sections of the public public and civil service, Nigerianewsng observes.

“Between four and five months after verification, those not on the payroll will be returned and will start earning pensions. All those on the payroll are been verified and if they have any other complaint, it will be rectified during this verification,” Ikeazor said.

Ikeazor clarified that the pensioneers that were being verified belonged in the civil service, police, paramilitary, and parastatal sections of service, from where they had retired and for which they which they were now liable to receive pension.

According to her, the Federal Government now pays N7.5 billion monthly to retirees that were being paid under the old pension scheme, also mentioning that the pension funds were released regularly.

While speaking about the 33 per cent arrears, Mrs. Ikeazor noted that the Minister of Finance, Kemi Adeosun, represented the pension liabilities to the Federal Executive Council and got the approval to raise bonds and promissory notes to clear them.

Ikeazor said, “A total of 21,295 pensioners are expected to be verified in five centres in Alausa, Yaba, Ketu, Amuwo Odofin and Agege. The process will take four distinct steps for capturing their bio data and other relevant documents for them to be suitably placed on the payroll and database for payment of their monthly pensions.

“The sick and the infirm will be covered in their locations. A total of 108 PTAD staff members are being deployed for the exercise.”

Click here for more information about the Nigerian Pension Scheme


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