PTAD Pays 15 months of Inherited Unfunded Pension Liabilities for Nitel/Mtel Pensioners
The Pension Transitional Arrangement Directorate (PTAD) has paid 15 months of Inherited Unfunded Pension Liabilities for Nitel/Mtel Pensioners.
PTAD Executive Secretary, Dr Chioma Ejikeme made this announcement during her presentation at the 58th Session of the State House Briefing today where she spoke about the strides in Pension Service Delivery in Nigeria and also provided key updates on the Directorates’ activities.
Dr Ejikeme said N6.647bn was paid to 5,907 pensioners which is fifteen (15) months out of the outstanding sixty-three (63) months of the inherited unfunded pension liabilities. She said this was settled as part of President Muhammadu Buhari’s committment to continue to clear backlog of inheritied pension liabilities.
The Executive Secretary gave the assurance that additional funding of N5,745bn that is being expected from the Budget of the Federation, will be used to the pay fifteen (15) months of inherited unfunded pension arrears to the second and final batch of 5,238 Nitel/Mtel pensioners.