FG Pays N7.05bn Benefits to Ex-workers of NICON Insurance, Delta Steel Coy – THISDAYLIVE thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
The Pension Transitional Arrangement Directorate (PTAD) has offset the retirement benefits of Nigeria Reinsurance Corporation and New Nigeria Newspapers.
Punch Newspapers
Sections
Published 7 June 2021
Federal pensioners under the Defined Benefits Scheme on Sunday confirmed the receipt of payments for 12 months following the consequential pension increment recently approved by the Federal Government.
On May 26, 2021, the Pension Transitional Arrangement Directorate announced that it had commenced the payment of the consequential adjustment to pensioners under the Defined Benefit Scheme.
In the preceding month, the President, Major General Muhammadu Buhari (retd.), had given approval for the implementation of the consequential adjustment to the pension benefits occasioned by the new minimum wage increase of April 2019.
The Executive Secretary, PTAD, Dr. Chioma Ejikeme, had promised that the upward adjustment of pensioners’ benefits would take effect from May 2021.
PTAD postpones resumption of walk-in verification for pensioners
Okechukwu Nnodim, Abuja
The Pension Transitional Arrangement Directorate has postponed the January 19, 2021 resumption date for walk-in verification for pensioners at its offices nationwide.
It announced the postponement on Friday but gave no new date for the resumption of walk-in verification, adding that the decision was to curb the spread of COVID-19.
The agency disclosed this in a statement issued in Abuja by its spokesperson, Olugbenga Ajayi, and signed by the management of PTAD.
It said, “PTAD hereby informs the general public that the proposed resumption of the walk-in verification of pensioners at its headquarters and state liaison offices for all pensioners under the Defined Benefit Scheme earlier scheduled for January 19, 2021 has been postponed till further notice.