Members of the Senate Committee on Establishment and Public Service and House Committee on Pension have applauded the performance of the management of defined benefit pension scheme in Nigeria.
The commendation came during a joint sitting for the presentation of the 2024 budget proposal by the Pension Transitional Arrangement Directorate (PTAD) when PTAD’s executive secretary, Dr. Chioma Ejikeme made her presentation on the performance of the directorate in 2023.
The committees commended her budget proposal for the year 2024 of N134.8 billion for the payment of pension, gratuities, and unfunded liabilities for the year 2024.
In her presentation, Dr. Ejikeme told the committees about the various achievements made by the directorate, including regular payment of monthly pensions, the introduction of the ‘I Am Alive Confirmation Solution’, the establishment of anti-corruption and transparency unit, and the enrolment of many pensioners to the payroll.
Ejikeme informed the committees that a new project that will address the complaints of the next-of-kin (NoK) of the deceased pensioners had been launched and would address all issues militating against payment of gratuity to pensioners and death benefits to the NoK.
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