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</html>";s:4:"text";s:33115:"Yemisi Izuora. This, she said is in line with the provisions of the Pension Reform Act (2014). —Executive Secretary of Pension Transitional Administration Directorate, PTAD, Sharon Ikeazor, Thursday, said N38 billion was required to pay outstanding 33 per cent pension arrears to 238,533 . Found inside – Page iiThis book explores the disturbing dimensions of the problem of insecurity in Nigeria, such as herdsmen violence, the Boko Haram insurgency, cybercrime, militancy in the Niger Delta, communal conflict and violence, as well as police ... The federal government through the Pension Transitional Arrangement Directorate (PTAD) has received the sum of £26.5 million repatriated from the United Kingdom. Kindly share this postThe Pension Transitional Arrangement Directorate (PTAD) has paid one-month pension arrears of N842.8 million to pensioners of the defunct NITEL/Mtel in December, 2019. Kevin is; Jafaru tatai Atiku the only solution for Nigeria Come 2019 restructuring. Egypt is Having the Economic Reforms That Investors Wanted for Decades—Will it Succeed? FG approves New Minimum Pension for Pensioners Moses Emorinken, Abuja The Pension Transitional Arrangement Directorate (PTAD) has paid the sum of N96 billion to pensioners under the old Defined Benefit Pension Schemes, between July 2019 to . The Pension Transitional Arrangement Directorate (PTAD) says it has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the . I did verification at PTAD's Lagos office on April 23, 2019, submitted bank statements from 2008 to date as requested by PTAD through the zonal office, Lagos, including the one showing the gratuity paid by Lagos. This was disclosed in a statement released by the Executive Secretary of PTAD, Dr Chioma Ejikeme. On pensions, the presidency noted: in January 2019, President Buhari launched Nigeria's Micro Pension Scheme, which allows self-employed persons and persons working in organisations with less than three employees to save for the provision of pension at retirement or incapacitation; the Buhari administration is prioritising the payment of pension arrears owed staff of current and privatised . PTAD will also commence payment of the arrears from May 2021. Executive Secretary of PTAD Sharon Ikeazor, in a statement in Abuja on Sunday, … On September 20, 2018, members of Nigeria’s national carrier, Nigeria Airways branch of the Nigeria Union of Pensioners prevented the Acting Minister of Finance, Zainab Ahmed from gaining entry into her office. with the release of N54 billion to settle outstanding 33% pension arrears (the 33% pension arrears date back to 2010 when the minimum wage was increased to N18, 000). • Delta Steel Company (liquidated in 2005): 3,542 pensioners have now been placed on the payroll, ending a 13-year wait for their entitlements. According to Ejikeme, the payment was part of the commitment of the Federal Government to reduce inherited pension liabilities, assuring pensioners that their welfare remains a priority to President Muhammadu Buhari’s Administration. The Federal Government in 2018 spent a total of N79.2 billion on the payment of monthly pensions to pensioners. Its . Zenith Bank announces board meeting, closed period ahead of Q3 2021 results. PTAD Pays N784.4 Million Pension Arrears To 502 Beneficiaries. July 22, 2021 / News & Events , News Updates , Press Release The Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Sharon Ikeazor, made this known at the stakeholders forum for pensioners from North Central Zone in Abuja on Thursday. In January this year, the Directorate began the verification of pensioners of NITEL and its mobile subsidiary, Mobile Telecommunications Limited, MTel under the Defined Benefit Scheme (DBS). 2021 H1 Results: Royal Exchange half year profit slumps by 62% to N233.12 million. Islamic Finance Institutions are Embracing the Blockchain - Here’s Why. Save my name, email, and website in this browser for the next time I comment. March 4, 2021 1:50 PM . In addition, PTAD has pay-rolled 470 pensioners of New Nigerian Newspapers, 933 NICON Insurance pensioners, 11,000 NITEL/Mtel pensioners, as well as 284 pensioners of Nigeria Reinsurance after 16 . The payment was made to the… DBS was in existence before the introduction of the Pension Reform Act 2004. 414 police pensioners receive N954m gratuity, pension arrears from PTAD Authors: News Agency Of Nigeria. Death can come at any time. Meanwhile, in its meeting on September 21, 2018, the Nigeria Union of Pensioners, NUP in the South-East lamented their retirement from the civil service, describing it as a curse because of the treatment meted out to them through the nonpayment of their pensions and other benefits. 1 other thing and a trivia, TechNigeria: A weekly digest of what went down in Nigeria’s tech space, Nigeria’s B2B payments platform, Verto, closes $10m to accelerate growth, Nigerian edtech startup, Edves, secures $575k to scale venture, One step forward, three steps backward for Naira against U.S dollar at official market, Naira closes strong against U.S dollar on Tuesday, Naira makes slight gain, as presidency says Buhari not to blame for FX woes, Naira collapses to all-time low against U.S dollar, Naira in one session reverses gains against U.S dollar. Payments are to be expected on or before end next week.Latest as at date. Disgusting to hate an individual because of skin colour, Osimhen reacts to abuse, Bayern beaten at home for first time in 30 Bundesliga games, EPL title rivals Liverpool, Man City share points in Anfield thriller, Birthday-boy Iheanacho scores as Leicester held at Palace; Spurs beat Villa, Rennes stun PSG with Messi, Neymar, Mbappe in action, BREAKING: Facebook, WhatsApp crash for second time in seven months, Nigeria’s foodtech startup, smallChops, looks to expand venture. All Rights Reserved. As you yourselves have confirmed today, we have begun regular payment of monthly pensions and payment of backlog of arrears. The PTAD boss gave the breakdown of pensioners of agencies whose liabilities were partly offset to include, 12 months arrears paid to 501 New Nigeria Newspapers pensioners in 2019; 12 months . “This was what the Directorate did in the cases of Delta Steel Company (DSC), Nigeria Reinsurance, Federal Housing Authority (FHA), NICON Insurance and Nigerian Defense Academy (NDA) civilians. The Difference Between Cryptocurrency Regulation in Asia and the USA, Interview with Mr.Keith Wong, CEO of Winland Wealth Management, South Korea, the Two Biggest Shipbuilders in the World Become One, Dominating the Global Landscape. Orientalnewsng.com is the leading News Website offering the very latest in Nigeria Pension News, PTAD News; If you want to know latest in Nigeria's Pension Industry, always visit Oriental News. Read all the latest news, breaking stories, top headlines, opinion, pictures, and videos about PTAD from Nigeria and the world today September 25, 2021 According to PTAD, the exercise will take place "at the end of October 2018". Delays in pension payments have been blamed on technical hitches, scheduling of payments in the Office of the Accountant General and delay of funds from the Central Bank of Nigeria (CBN), Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), and Mrs. Sharon Ikeazor has said. . . The Federal Government through the Pension Transitional Arrangement Directorate (PTAD) has paid 502 Civil Service Pensioners the sum of N784,377,933.27 as pension arrears. With the last round of payments, the 33 per cent liabilities for police pensioners have now been fully settled, joining Customs, Immigration and Prisons Pension Department's pensioners in this category," she said. She concluded by assuring them that she would, among other things, be guided by passion, transparency, accountability and drive which are the core values of the Directorate. PTAD noted that during the February 2018 exercise, from the 15,212 total verified NITEL/MTEL pensioners, 9,198 were the eligible pensioners computed (to be put on payroll), 3,233 were not eligible for pensions (served less than 10 years), while 1,385 were asked to provide additional information required for processing, with the same number of . International Investor Magazine © 2020. PTAD: Advise pensioner to scan and send his verification slip and complaint to complaints@ptad.gov.ng. The one-month pension arrears was reportedly paid to the pensioners of the defunct NITEL/Mtel in December 2019. As at December 2018, the agency was able to offset . She revealed that asides the completion of the nationwide verification exercise for the Parastatal […] Your email address will not be published. Pensioners of the Nigerian National Shipping Line Pensioners (NNSL) protesting over non payment of five years pension arrears by Pension Transitional Arrangement Directorate (PTAD) in Lagos on . ''The Federal Government released N45 billion accrued rights for the contributory pension scheme and N22.4 billion to start payment of ex-Nigeria Airways pensioners,'' he said. The Executive Secretary of Pension Transitional Arrangement Directorate (PTAD), Dr. Chioma Ejikeme held a Press Conference at PTAD head office in Abuja, today, 9th September, 2020. Five of these agencies, Idris said, had been placed on the payroll while NNN and NITEL are still being worked on. FACT CHECK: Is TETFUND giving Nigerian students N30,000 grant? She explained that, "In September, 2016, PTAD, completed the full payment of the outstanding 33% arrears to Customs, Immigration and Prison Service Pensions by paying N6.5 billion (42 months). They were particularly concerned about the welfare of their members in Imo State, where the state government had slashed pensions to 40 per cent and owed pensioners ₦56.4bn in arrears as of March 2018. All content is dedicated to the global investment community that wants to take a step ahead. The Pension Transitional Arrangement Directorate, PTAD, on Wednesday disclosed that it has spent N96 billion on pension allowances to its beneficiaries in the last one year. It is very sad that since NITEL verification of January 2018, former NITEL staff and I are yet to benefit from the pension payments. Nigeria Reinsurance, New Nigerian Newspapers and NITEL/MTEL, all agencies that were either . DANLAMI: Thanks to your newspaper for your responses to the plight of pensioners. By Nana Moussa The Directorate of the Transitional Pension Scheme (PTAD) paid nine additional months of adjustment arrears following the new 2019 minimum wage increase to defined benefit pensioners (DBS). NITEL-MTel retirees "There is payment of additional 33 per cent arrears to pensioners of police, civil service and parastatals pension departments. Executive Secretary of PTAD Chioma Ejikeme made this known while addressing a press conference in Abuja. Also speaking at the forum, Livinus Asiegbu, the South-East Secretary, National Union of Pensioners, urged PTAD to assist retired primary school teachers who had not received their pensions from 1990 till date. Speaking further, Ejikeme expressed the pleasure in the completion of the Parastatals Pensioners Verification Exercise across the country and praised the staff for their hard work and dedication in the discharge of their responsibilities during this time. Uche Usim, Abuja. The Pension Transitional Arrangement Directorate ( PTAD) has paid an additional 9 months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to Civil Service Pension Department Pensioners and six months of the same arrears to . The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners. The PTAD secretary made known that the Directorate had made its mandate clear before the commencement of the exercise. "There is payment of additional 33 per cent arrears to pensioners of police . The one-month pension arrears was reportedly paid to the pensioners of the defunct NITEL/Mtel in December 2019. The Pensions Transitional Arrangement Directorate (PTAD) has dismissed five deputy directors over alleged employment scam. She loves writing, reading and travelling. INTERVIEW: Payment of 33% arrears to over 180 agencies uncompleted — Ex-PTAD Boss. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news. “The pensioners who have served the country meritoriously in their various capacities deserve to be treated with respect and dignity. By Nana Musa. Isah Abdullahi Abara The chairman in person of Hon. This was disclosed in a statement released by the Executive Secretary of PTAD, Dr Chioma Ejikeme. FACT CHECK: Is Kogi the safest state with second lowest crime rate in Nigeria? Nitel Pensioners Should Come In - Jobs/Vacancies (34) - Nairaland. PTAD will also commence payment of the arrears from May 2021.''. We have put a stop to that. Some employers have handed over the administration of their DBS to some appointed Pension Fund Administrators, PFAs to manage, while others were given approval to continue to manage the Scheme under their management. Ikeazor described the 2018 fiscal period as a very busy year for PTAD, adding that the agency had made significant progress in ensuring regular payments of pension to retirees. True or false? Required fields are marked *. Pension Transitional Arrangement Directorate (PTAD) is responsible for the pension administration of the Defined Benefit Scheme (DBS). Pension Transitional Arrangement Directorate (PTAD) Executive Secretary, Dr Chioma .N. Read all the latest news, breaking stories, top headlines, opinion, pictures, and videos about pension from Nigeria and the world today September 25, 2021 FACT CHECK: Do Nigerian senators enjoy the highest salary among lawmakers in the world? Despite all the conditions met since 2019, my gratuity and pension arrears have not been paid. This is contrary to reports that PTAD had deliberately delayed the verification process. Last July, there was a newspaper publication about PTAD paying 12 months arrears of the 33% increase to parastatals. Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. Hon. PTAD pays 5,382 newly enrolled pensioners N1.7bn outstanding arrears. The NITEL/MTEL verification exercise, which started in February 2018, was for the purpose of verifying and enrolling eligible pensioners for the purpose of payment of monthly pension. The mode of implementation of the QA system outlined in this manual will vary according to the organization of the national laboratory services dealing with malaria, which may fall under the national malaria control program, or under a ... Airtel Nigeria offers to buy back minority shares worth N61.24 billion. Dr. Chioma Ejikeme, executive secretary, in a statement said the money was paid to 11,331 pensioners She said the payment was part of the Federal Government's commitment to reduce […] The yuletide season was lit for pensioners of the defunct NITEL/Mtel as the Pension Transitional Arrangement Directorate (PTAD) paid one month pension arrears of N842,808,921.52 . Musa Dikko is a blessing to t; Victor Okoye This is indeed a wonderful initiative by a well-meaning Nige; W. O. Olaleye When Do We Expect Our 33% Pension Arrears? These complaints or issues include non-payment of monthly pension, short payment of pension and gratuity, removal of name on pension payment voucher, non-payment of harmonized pension arrears, irregular payment of federal pensions and non-receipt of pension after retirement to name a few. The National Pension Commission through the Federal Government is trying to raise pension bonds through the Debt Management Office. PTAD: Advise pensioner to scan and send his verification slip and complaint to [email protected] DANLAMI: Thanks to your newspaper for your responses to the plight of pensioners. The entitlement of any of those in the Scheme will be paid according to the rules and regulations guiding it. Under DBS, pension is based on how many years a retiree had worked for their employer and the salaries they had earned. PTAD spends N96bn on pension liabilities . To get the latest on Nigeria Insurance or to read breaking Nigeria Insurance News; Nigeria Oil and Gas News or NNPC Breaking News always . A statement by the […] PTAD Paid One (1) Month Pension Arrears in December, 2019 to 11,331 NITEL/Mtel Pensioners January 16, 2020 August 29, 2020 PensionNigeria NITEL , PTAD The Pension Transitional Arrangement Directorate (PTAD) has paid One (1) Month Pension Arrears to the tune of N842,808,921.52 (Eight Hundred He added that the Directorate which supervised the payment of pension arrears to over 50,000 verified Civil Service Pensioners, also oversaw the payment of N917.6 million to 432 war retirees. The Pension Transitional Arrangement Directorate (PTAD) has revealed that it paid the sum of N96 billion to pensioners between July last year and August 2020 According to her, "N6.8bn monthly pension was […] The Pension Transitional Arrangement Directorate (PTAD) has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the Defined Benefit Scheme (DBS) pensioners.Mr Gbenga Ajayi, t Pandora Papers expose Kenyan President, Kenyatta’s alleged shady deals, Female Afghan judges on the run, after Taliban freed male rapists, murderers they convicted, Japanese princess forgoes $1.35m inheritance to marry ‘commoner’ in rare show of true love, Taliban executes four Afghan kidnappers, displays bodies in public, US Catholic priest converts to Islam, changes name, Sanwo-Olu reiterates calls for upgrade of Lagos to ‘special status’, MURIC accuses NPA staff of subtle enforcement of Christianity, Ex-Gov Shekarau accuses Southern Govs of ‘gang-up’, South-South states in crucial meeting, other zones to converge over revenue allocation formula, Nnia Nwodo denies reports he blamed IPOB for Imo, Anambra killings, NSE: Investors trade 202.3m shares worth N1.86bn, Airtel Nigeria shareholders to pocket $148m as parent company moves to buy, Naira starts independence celebration strong, Dangote Cement, three other companies make Ripples Nigeria stocks-to-watch list, Why cryptocurrencies pose great risk to the economy – IMF, INVESTIGATION: Inside UNILAG’s multi-million naira budgetary abuse and academic discord, SPECIAL REPORT: Displaced residents of Zamfara battle hunger, as underfunding derails Nigeria’s nutrition goals, INVESTIGATION: N7.3bn paid for unnamed projects; how Nigerian govt spent N2.2trn in six months, INVESTIGATION… Delay rocks Nigerian govt’s promise of N30,000 covid-19 relief for artisans, others, INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project. Copyright © 2021 Ripples Nigeria. Watch the full interview which focused on PTAD's activities, plans to clear outstanding pension arrears and build a credible database of pensioners under the Defined Benefit Scheme (DBS) March 4, 2021. He added that PTAD is yet to release the 83 months' pension arrears to NITEL/MTEL retirees despite it being captured in the 2020 budget, while other companies like NICON Insurance, Nigerian . PTAD Pays N6.2 bn, Clears Arrears of 16,210 Pensioners Nana Musa Mar 16, 2021 0 The Pension Transitional Arrangement Directorate (PTAD), on Tuesday, announced it had N6.2 billion, clearing the pension arrears of 16,210 pensioners, according to a statement by Mr Gbenga Ajayi, PTAD's Head of Corporate… Okomu Oil Palm Company Plc: Notice of Board Meeting. In the area of payment of outstanding pension arrears including the 33%, PTAD under her leadership had since commenced payment of the 33% arrears in 2016 and 2017 and additional payments to all sectors that have the arrears. The Pension Transition Arrangement Directorate (PTAD), said it recently paid a total sum of N1.7billion being outstanding pension arrears to 5,382 pensioners out of the 7,969 civil service . Found insideIn this volume, six primary research streams of the Wolfensohn Center’s work are highlighted: the shifting structure of the world economy in the twenty-first century; the challenge of scaling up development interventions; strategies for ... It is made up of the following departments (Section 43 (3) of the Pension Reform Act): the Civil Service Pension Department, CSPD; the Police Pension Department, PPD; the Customs, Immigration and Prisons Pension Department, CIPPD; the Treasury Funded Parastatals Pension Department, PaPD; the Pension Support Services Department, PSSD. A file photo of Edo State Governor, Godwin Obaseki. The Pension Transitional Arrangement Directorate, PTAD has announced the registration of 9, 216 (nine thousand two hundred and sixteen) pensioners of Nigeria Telecommunications Limited, NITEL on its Monthly Pension Payroll. PTAD head of corporate communications Mr. Gbenga Ajayi said in a statement issued on behalf of PTAD executive secretary Dr Chioma Ejikeme in Abuja on Tuesday. A statement on Monday by the PTAD announced that Abuja centre of the verification would begin from November . The Executive Secretary, Dr Chioma .N. Confirmation from PTAD on when payment will be made. The Pension Transitional Arrangement Directorate (PTAD) said it had received approval from Minister of Finance to verify the payroll of ex-workers of Nigerian National Shipping Line (NNSL). The Pension Transitional Arrangement Directorate (PTAD) has paid One (1) Month Pension Arrears to the tune of N842,808,921.52 (Eight Hundred and Forty Two Million Eight Hundred and Eight Thousand, Nine Hundred and Twenty One Naira, Fifty Two Kobo) only, to 11,331 pensioners of the defunct NITEL/Mtel in December, 2019. Matthew Otoijagha. These categories were paid a total monthly sum of #840,003,651.07. The Pension Transitional Arrangement Directorate (PTAD) has paid one-month pension arrears of N842.8 million to pensioners of the defunct NITEL/Mtel in December, 2019. Nitel Pensioners Should Come In - Jobs/Vacancies (35) - Nairaland. A statement from. The Pension Transitional Arrangement Directorate (PTAD) on Monday, began the verification of pensioners of the defunct Delta Steel Company (DSC), Aladja and those of the Federal Housing Authority (FHA).. He said PTAD, on the conclusion of the verification, would begin payment of arrears and monthly pensions of the verified pensioners of DSC and FHA. July 16, 2018 Admins 0. Business Standard, Nigeria's leading business site for Live Markets, Live BSE & NSE quotes, latest news, breaking news, political news, analysis and opinion on markets, companies, industry, economy, policy, banking and personal finance news and more. 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