Police Pensioners to Get N1.2bn From PTAD

  • Police Pensioners to Get N1.2bn From PTAD

The Pension Transitional Arrangement Directorate on Wednesday said it would release a total sum of N1.2bn between now and December 15 to offset arrears of the Nigeria Police Force pensioners.

The Director-General, PTAD, Mrs. Sharon Ikeazor, stated this when members of the House of Representatives Committee on Pensions visited the agency.

The committee, headed by Mr. Adamu Shekarau, was at the headquarters of PTAD in Abuja as part of its oversight functions.

Ikeazor said the payment of the 33 per cent arrears to the police officers would cover nine months and would bring the retired officers at par with other pensioners.

About 4,061 police pensioners, who retired under the PTAD arrangement, have yet to receive their pensions.

Ikeazor said, “Adequate arrangement is being made for additional payment of the 33 per cent arrears to bring the police pension department at par with some of the other pensions departments.

“We are doing this in collaboration with all concerned parties and hope to conclude before December 15. The liabilities for police pensioners is about N1.2bn for nine months, and we are working to pay them before December 15.”

When asked by the lawmakers what was delaying the planned recruitment of personnel to strengthen the operations of PTAD, the DG said the agency was currently working with the Bureau of Public Service Reforms to carry out a staff audit.

The staff audit, she noted, became imperative so as to determine the quality of manpower to be recruited as well as assist the agency to better place the current personnel in the right positions.

Ikeazor added that PTAD would continue to address the plight of pensioners who were unjustly removed from the payroll by carrying out verification exercises in the North-East, South-South and South-West geo political zones.

She added, “We are determined to bring redress to these pensioners even as we continue the civil service verification.

“We have reviewed over 9,700 complaints from the North-West and South-East civil service verification exercises and 4,137 of these pensioners will be put on the payroll this November, and (payment of) all outstanding benefits and arrears to these 4,137 pensioners will commence next week.”

Responding, Shekarau said the National Assembly would continue to provide legislative support on pension related matters.

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Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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