- FG Approves N2.6bn to Pay Pension Increment Arrears
The Pension Transitional Arrangement Directorate has approved the payment of the final tranche of the six months’ arrears of 33 per cent pension increment to pensioners.
According to PTAD, the payment would be paid to 103,710 civil service pensioners.
The pension directorate recalled that in July 2010, the Federal Government announced a 33 per cent pension increase for pensioners.
The Federal Government began the payment of the increment from January 2014 leaving arrears of 42 months.
Out of the 42 months that were outstanding as at 2014, 24 months were paid in 2016; six months were paid in 2017, while six months were paid in November 2018.
PTAD stated that, “The directorate has now cleared the backlog of the 33 per cent pension arrears of three main departments of Civil Service Pension Department, Police Pension Department and Customs, Immigration and Prisons Pension Department.
“The directorate has also assured that backlog of 33 per cent arrears owed parastatal pensioners will be cleared in due course.”
