PTAD: Resolving pensioners’ issues

3 days ago 7

Pension

PTAD

OLUWOLE: Good day, my name is Oluwole and I write on behalf of myself and Adesola from Ado Ekiti. Two of us have been trying to do our I am Alive for many times we can’t get our eyes and the finger prints to work on the system. What we can do

PTAD RESPONSE: We called the two pensioners and they informed us that they have successfully confirmed their aliveness, therefore they are going to be restored on payroll and their arrears will be paid.

DMBIEM: I am DMBIEM, an actuary. I want answers. PTAD from 2013 to 2024 did interesting stories. They said N610billion payouts were from 2015 to 2021 and pensioners 226,328 as at the period. In 2022 alone, 226,693 while PTAD pensioners received N754billion. The 2024 story was incomplete: pensions 2025 would be N63.8billion, no pensioners. FGN Budget for Fiscal Year 2025 figure cited N46.020trillion, Wages N7.476 trillion 16.2 per cent Debts Refunds N16.330 trillion 35.4 per cent All and SundriesN21.578 trillion 46.9 per cent PTAD PensionsN63.6bn 0.1 per cent PENCOM Personal Savings Accounts Assets N14.990 trillion AVERAGE N53.920million from PSA Assets divided by 278000 all alive cases. It means HOS, SIWC & PTAD Offices, with all due regards, are not helping. They conspire and make pensioners to be ashamed of themselves 0.1 trillion Budget. I challenge all three above. PTAD especially should move HOS & SIWC to make pensions meaningful. I hate the starvation pensions paid 2004 till date. DMBIEM

PTAD: PTAD was recently in receipt of 2 circulars referenced SWC/S/04/S.542/II/404 dated 20th November 2023 and SWC/S/04/S.542/II/449 dated 30th April 2024, from the National Salaries, Income and Wages Commission (NSIWC) for the approval of pension increment to pensioners under the Defined Benefits Scheme covering different salary structures. By the provisions of the circular, the Consolidated Public Service Salary Structure under which all pensioners of the Civil Service Pension Department and some under Parastatals falls is one of the salary structures included

Read Also: PTAD clears air on pension increase implementation

PTAD was also in receipt of another letter from the National Salaries, Income and Wages Commission regarding the implementation of the consequential pension adjustment (CPA) which took effect from April 2019. The clarification revised the implementation of the CPA to Grade level as against the previous Pay-Band

Clarification from the NSIWC which revised the implementation of the CPA to Grade level was taken into cognizance and accordingly implemented on the payroll before the application of the new pension increment of 20-28% as applicable which will take effect from September 2024.

It should be noted that the arrears are paid in batches, therefore if you have not been paid, you will be in the next.

PTAD is aware of the non payment 20% and 28% of this pensioner, he is among the list of those that are yet to be paid. Please be informed the arrears are paid in batches, the N32 naira increment will also be paid as soon as the fund are available.

We contacted this Pensioner on phone to provide his verification slip or BVN as the account number he provided is not in our record. But he said he was not at home to provide it.

PTAD is aware of the nonpayment 20per cent ad 28per cent of this pensioner, he is among the list of those that are yet to be paid. Please be informed the arrears are paid in batches and the N32 naira increment will also be paid as soon as the fund are available.

Kindly provide us with the hardcopy of your Bank Statement from retirement till date to enable us process your complaint of non-payment of gratuity. Also note that you are required to attach a complaint letter addressed to the Executive Secretary and also note that we are in the process of reviewing and re-computing all the Back End Computation.