PARASTATALS PENSION DEPARTMENT (PAPD)

The Parastatals Pension Department (PaPD) was created to consolidate the pension related functions and activities of Parastatals that were wholly funded by the Federal Government in a seamless, efficient and expeditious manner.

Prior to the enactment of the Pension Reform Act 2014, the pensions of Parastatals where administered by Pension Board of Trustees (PBOT). The Federal Government funded the PBOTs through remittances to Insurance Underwriters as the scheme was insured to make it sustainable. Unfortunately, the desired impact of the BOTs was never realized.

Due to the complexities, peculiarities and diversity of Parastatals, the department is subdivided into six (6) sectors for better administration as follows:

1. Health
2. Power/Transport
3. PHCN
4. Universities
5. Education
6. Other Public Sector & Research Institutes (OPSRI)
7. Defunct Agencies

Who is an eligible Parastatals pensioner under PTAD?

REGULAR PENSIONERS

a. Pensioners that have spent 10 years and exited the service before 1st April 1977 and had attained the age of 45 years.

b. Pensioners who have spent 15 years or more from 31st April 1977 in service and have exited the service before 31st May 1992 and have attained the age of 45 years.

c. Pensioners who have spent 10 years or more in service from June 1992 and have exited the service before 30th June 2007 and have attained the age of 45 years. However, Pensioners who are severed through Bureau of Public Service Reform (BPSR) exited up to 2009. Also, Pensioners of Power Holding Company of Nigeria (PHCN) exited up to 20th October, 2013.

d. A Pensioner who retired after serving for 35 years or on attainment of 60 years before 30th June 2007.

e. Next of Kin Under Section 6 – Next of kin(s) of deceased Pensioners of Power Holding Company of Nigeria (PHCN) and National Primary Health Care Development Agency (NPHCDA), etc. will enjoy life pension as a result of the death of their father/mother in active service. This is peculiar to widows that remain of good character and unmarried and applies to a maximum of six children till the age of 18.

NEXT OF KIN (NOK)

The Next-of-Kin (NOK) of a deceased Parastatals Pensioner is entitled to the following death benefits:

1. Gratuity & 5 Years Pension: when he/she dies while in the service

2. Gratuity & 5 Years Pension: when he/she retires and dies while processing his retirement benefits

3. 5 Years Pension: when he/she retires, receives Gratuity but dies before enrolment for monthly pension

4. Balance of Pension: when he/she retires, receives Gratuity, has been enrolled on the Monthly Pension Payroll but has not received pension for up to 5 years Pension before death

5. The Next of Kin (NOK) of a Deceased Pensioner cannot claim any balance if the latter had enjoyed the Monthly Pension for a period of 5 Years before death.