The Pension Transitional Arrangement Directorate has paid the sum of N96 billion to pensioners under the old Defined Benefit Pension Schemes, between July 2019 to August 2020.
According to her, “Between July 2019 and August 2020, PTAD paid a total of over N96 billion Naira across all the Operational Departments. The sum of over N77 billion was paid as monthly pensions payments to 244,643 pensioners as of July 2020. 87,842 pensioners were paid arrears and gratuities of over N19billion.
She explained that asides the completion of the nationwide verification exercise for the Parastatal Pensioners and continuous verification, it has ensured the regular payment of monthly pension benefits to pensioners across the four Operational Departments – Police, Customs, Immigration and Prisons, Civil Service and the Boards of Trustees of Parastatals and Agencies.
“In 2019, PTAD collaborated with Nigeria Interbank Settlement System on Bank Verification Number Authentication. The NlBSS BVN validation exercise led to the suspension of 5,834 pensioners from the payroll. However, 2,416 of those removed have been restored after undergoing positive review and validation,” Ejikeme added.
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