PTAD Says 33% Pension Payment Arrears Ongoing — Leadership Newspaper
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PTAD Says 33% Pension Payment Arrears Ongoing

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The Pension Transitional Arrangement Directorate (PTAD) has expressed reservations over concerns raised by the Nigeria Union of Pensioners (NUP) and the Federal Universities Pensioners Association (FUPA) over the non-payment of the balance of the 12 and 36 months arrears respectively of the 33 per cent pension increase to pensioners. The Agency in a statement explained that the backlog of the 33 per cent pension arrears has been owed since 2010 as a fall out of the upward review of the minimum wage to N18, 000.00. It noted that though the increment had been approved, it was not implemented immediately thus creating accumulated arrears of 42 months. According to the statement, the PTAD started payment of the 33 per cent pension increase in October 2014 and ensured that all arrears for the year 2014 were paid in December 2014. 

In 2016, the backlog of the 33 per cent pension arrears for the Customs, Immigration and Prisons Pension Department was fully paid. In the same year, 12 months pension arrears was paid to pensioners under Civil Service, Police, and Parastatals Pension Departments. Also, in November 2017, the Federal Government through PTAD, further paid six months arrears across board to pensioners under Civil Service, Police and Parastatals Pension Departments, it confirmed.

The agency said that the Minister of Finance, Zainab Ahmed is committed to ensuring that all pension backlogs are cleared and is working with PTAD and relevant government agencies to make sure that backlog of outstanding pension arrears are cleared, adding that the Federal Government has regularly made monthly pension payments to all retirees under the Defined Benefit Scheme (DBS) on PTAD payroll. 



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