Overview of PTAD

 
The Pension Transitional Arrangement Directorate (PTAD) is an agency of the Federal Government established in August 2013 in compliance with the provisions of Section 30 sub-section (2) (a) of the Pension Reform Act (PRA) of 2004 (amended in 2014) which stipulated the establishment of an independent pension department for the Public Service of the Federation.

PTAD 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)

In accordance with another Act of the National Assembly, the following pension departments were exempted from the consolidation and management of PTAD:

  • The Military Pension Department
  • The Security Agencies Pension Department

VISION, MISSION AND VALUES

Vision:

A model organisation for the delivery of innovative and sustainable pension services.

Mission:

To provide exceptional, transparent and technology-driven pension services through a competent and dedicated workforce.

Core Values:
Passion
Transparency
Accountability
Drive

 

Functions of PTAD

 
Existing Functions of Relevant Pension Boards
Carry out the existing functions of the relevant Pension Boards or Offices in the Public Service of the Federation and FCT, Abuja and shall in particular.

Budgetary Estimates For Existing Pensioners
Make budgetary estimates for existing pensioners and the officers exempted from the Scheme established by the PRA 2004 under Section 8.

Receive Budgetary Allocations From Government
Receive budgetary allocations from the Government and make payments to pensioners as and when due.

Ascertain Deficits in Pension Payments
Ascertain deficits in pension payments, if any, to existing pensioners or the category of officers exempted under Section 8 of the Act.