Home Business Pension PTAD Disburses N5.12bm In Pension Arrears To 90,689 DBS Pensioners
Pension

PTAD Disburses N5.12bm In Pension Arrears To 90,689 DBS Pensioners

Share
Share

keeping with its assurance to clear outstanding pension liabilities as funds are disbursed by the Federal Government, the Pension Transitional Arrangement Directorate (PTAD) has finalized the disbursement of Five Billion, One Hundred and Nineteen Million, Three Hundred and Twenty-Eight Thousand Naira Only (₦5,119,328,000) to 90,689 pensioners across the four pension departments, reaffirming its continued dedication and unwavering commitment to pensioners welfare.

The breakdown of the payment is as follows:

Department Pensioners Months Paid Amount (₦)

CIPPD             8,626           1 month 276,032,000.00

PPD                     9,681           2 months 619,584,000.00

CSPD             12,773           1 month 408,736,000.00

PAPD             59,609           2 months 3,814,976,000.00

Total             90,689                       ₦5,119,328,000.00

This payment according to PTAD reaffirms the administration’s ongoing commitment to ensuring that pensioners receive their due entitlements in line with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, GCFR.

Share
Related Articles

Leadway Unveils ‘Leadway PFA’ as Unified Brand Following Successful Consolidation Journey

Following the successful operational integration of Leadway Pensure and PAL Pensions, Leadway...

PenCom, PenOp Spotlight PCRS Successes, Challenges, and Strategic Future at 1-Year Anniversary

BY NKECHI NAECHE-ESEZOBOR—The  National Pension Commission (PenCom), has stressed the need for...

You Cannot Put Pension Deductions in State Accounts—PenCom Boss Warns Governors

BY NKECHi NAECHE -ESEZOBOR—The National Pension Commission (PenCom), has strongly condemned the...

CPS Adoption: PenCom Moves to Create Income Streams for State Pension Bureaus

BY NKECHI NAECHE -ESEZOBOR—In a bid to encourage more states to join...