'PTAD will continue to engage with DBS pensioners to promote transparency and accountability in the administration of the Defined Benefit Scheme,' Executive Secretary Tolulope Odunaiya said.
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The Federal Government has paid a total of N3.82 billion in accrued pension arrears to 30,356 retirees under the Defined Benefit Scheme. According to the Pension Transitional Arrangement Directorate, this payment is a result of the Back-End Computation Review Exercise conducted by the Directorate to address and resolve complaints relating to pension computations and outstanding entitlements of DBS pensioners. The disbursement demonstrates PTAD's commitment to addressing verified outstanding obligations and improving the welfare of pensioners under its mandate.
The Directorate made this payment to affected pensioners across the Parastatals Pension Department, PaPD, Defunct and Transferred Agencies Pension Department, DTAPD, and Tertiary, Education and Health Pension Department, TEHPD. This payment is a result of the Back-End Computation Review Exercise, which was designed to resolve complaints concerning pension computations and outstanding entitlements of retirees under PTAD's mandate.
The Executive Secretary of PTAD, Tolulope Odunaiya, expressed 'appreciation to the affected DBS pensioners for their cooperation throughout the review process.' Odunaiya reaffirmed the Directorate's commitment to the timely, transparent, and accountable payment of verified pension entitlements. She noted that 'the payment also reflects the commitment of the administration of President Bola Ahmed Tinubu to addressing pension-related issues and strengthening pension administration under the Defined Benefit Scheme.'
This payment follows PTAD's Back-End Computation Review Exercise, which was designed to resolve complaints concerning pension computations and outstanding entitlements of retirees under PTAD's mandate. PTAD has assured pensioners of its commitment to delivering efficient, transparent, and accountable administration of the Defined Benefit Scheme. The Directorate will continue to engage with DBS pensioners and work towards the prompt resolution of pension-related complaints.
PTAD has also expressed its appreciation to the affected DBS pensioners for their cooperation throughout the review process. The Directorate has reaffirmed its commitment to the timely, transparent, and accountable payment of verified pension entitlements. This payment reflects the commitment of the administration of President Bola Ahmed Tinubu to addressing pension-related issues and strengthening pension administration under the Defined Benefit Scheme.
The latest disbursement follows PTAD's Back-End Computation Review Exercise, which was designed to resolve complaints concerning pension computations and outstanding entitlements of retirees under PTAD's mandate. PTAD has assured pensioners of its commitment to delivering efficient, transparent, and accountable administration of the Defined Benefit Scheme.
PTAD has assured pensioners of its ongoing commitment to delivering efficient, transparent, and accountable administration of the Defined Benefit Scheme. The Directorate has also expressed its appreciation to the affected DBS pensioners for their cooperation throughout the review process.