By Tunde Oguntola, Abuja
The National Pension Commission (PENCOM) is finalising arrangements to take over from the Pension Transitional Arrangement Directorate (PTAD), the payment of retired Federal Heads of Service and Permanent Secretaries who fall under the Contributory Pension Scheme from January, 2018.
In a statement issued by the communication office, PTAD, yesterday, on behalf of the executive secretary, PTAD, Barrister Sharon Ikeazor it said under the two Memoranda of Understanding (MoU) signed in 2016 and 2017 between both pension agencies, an agreement was reached for PTAD to pay the monthly pensions of retired Federal Heads of Service and as such, budgetary provisions were made in the 2017 Budget for payment of all 80 retired Federal Heads of Service and Permanent Secretaries under the Contributory Pension Scheme.
PTAD has also concluded the payment of July 2017 monthly pensions of Pensioners under the Defined Benefit Scheme (DBS). A total sum of N7,389,954,164.03 was paid out to 237,306 Pensioners.Comprising of 98,362 Pensioners under the Parastatals Pension Department (PaPD), 16,111 Pensioners under Police Pension Department (PPD), 110,753 Pensioners under Civil Service Pension Department (CSPD). while 12,080 Pensioners were paid under Customs, Immigration and Prisons Pension Department (CIPPD).
“PTAD has been able to ensure that these senior citizens have received their pension entitlements till date and will continue to do so until 31st December, 2017.
“PENCOM has prepared the necessary guidelines for the payment of the retired Federal Heads of Service and Permanent Secretaries under the CPS. This was a critical area the Executive Secretary of PTAD, Sharon Ikeazor had earlier stressed a need for, to ensure smooth transition devoid of hitches which could negatively impact on pension payments.
“The acting director general of PENCOM, Aisha Dahir – Umar gave assurances to the Council of Retired Federal Permanent Secretaries (CORFEPS) representatives of a seamless transition as budgetary preparations were in progress to ensure payments are effected from January, 2018,” the statement added.