Who are we?
The Pension Transitional Arrangement Directorate (PTAD) was established in August 2013 in compliance with the Pension Reform Act (PRA) of 2004, which was repealed and re-enacted in the PRA 2014. Prior to the enactment of the PRA, government pensions were managed as disparate offices under the wholly treasury-funded Defined Benefits Scheme.
Empowered by Section 42 (1) of the PRA 2014, PTAD took over the management of the old pension offices. These were the Civil Service Pension Office (CSPO) under the Head of the Civil Service of the Federation, the Police Pension Office (PPO), the Customs, Immigration and Prisons Pension Office (CIPPO) as well as the pensions of over two hundred Treasury Funded Parastatals. These were the categories of pensioners who served the Federal Government and retired on or before 30th of June 2007 and who did not transit to the Contributory Pension Scheme (CPS).
What Do We Do?
PTAD’s mandate is set out in Section 45 of the PRA 2014 and includes the following:
a. Make budgetary estimates for existing pensioners and the officers exempted from the Contributory Scheme under section 5(1)(b) of the Act;
b. Prepare and submit the monthly payroll of pensioners to the Office of the Accountant General of the Federation for direct payment from the budgetary allocation maintained with the Central Bank of Nigeria to pensioners’ bank account;
c. Issue payment instructions to the Office of the Accountant General of the Federation;
d. Maintain a comprehensive database of pensioners under their respective jurisdiction;
e. Ascertain deficits in pension payments, if any, to existing pensioners or categories of officers exempted under Section 5 (1)(b) of the Act; and carry out such functions aimed at ensuring the welfare of pensioners as the Commission may, from time to time, direct; and;
f. Render monthly returns to the Commission on existing staff, pensioners, deceased pensioners and details of Next of kin of deceased pensioners and on any other issue as may be required by the Commission, from time to time.
| Mission To achieve stakeholders’ satisfaction through the delivery of exceptional pension services |
Vision To be a model organization delivering innovative, efficient and sustainable pension services |
| Core Values Learning, Innovation & Growth Empathy Accountability & Transparency Professionalism |
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