PTAD to Continue Verification of Federal Retirees

  • PTAD to Continue Verification of Federal Retirees

The Pension Transitional Arrangement Directorate said it would continue the verification of retirees of the Federal Government under its purview so that they could be paid their pensions and outstanding entitlements.

The Assistant Director, Pension Administration at the PTAD, Jibrin Idris, said this during the verification of pensioners of the Nigerian Telecommunications Limited and its mobile subsidiary, MTEL, in Lagos.

He said, “PTAD has concluded the verification of some retirees including the police and civil service, but will do verification for the remaining parastatals. Recently, the Federal Government approved that PTAD should take over NITEL’s retirees; that’s why we have to verify them and identify the genuine and qualified pensioners among them to begin the process of paying them monthly pensions and any outstanding payments. “

After the exercise, he said, PTAD would compute the retirement benefits to be paid to them.

He also said that relatives of retirees who had died were also coming forward and would be paid their entitlements en bloc.

According to him, the exercise was taking place at various centres across the country such as Lagos, Enugu, Port Harcourt, Kano, Gombe and Abuja.

One of the retirees, Austin Onabuse, expressed delight that the verification was being conducted for the retirees.

He expressed hope that their entitlements would soon be paid to alleviate their sufferings.

“After the privatisation, NITEL retirees were paid pensions for five years after which they stopped paying us; and since then, the struggle to ensure that we are paid has continued,” he said.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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