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The Federal Government has begun paying the consequential adjustment to pensioners under the Defined Benefit Scheme, DBS, through the Pension Transitional Arrangement Directorate, PTAD.

Chioma Ejikeme, the Executive Secretary of PTAD, disclosed this development through a statement issued by the Directorate’s Head of Corporate Communications, Mr. Gbenga Ajayi, informing that the payment was made in fulfillment of a promise she made following the announcement of President Muhammadu Buhari’s approval of the implementation of the consequential adjustment to pension benefits occasioned by the new minimum wage.

In response to some pensioners’ messages of gratitude, he stated that the Executive Secretary assured them of PTAD’s commitment to the welfare of DBS pensioners.

Ejikeme, on the other hand, warned them about fraudsters who called pensioners pretending to be PTAD employees, saying that no PTAD employee would request gratification before processing their pension payment. She urged the pensioners to report such phone calls and other activities of the scammers to PTAD for adequate investigation and possible prosecution.

Pensioners under 4 operation department of PFAD which include the Civil Service Pension Department, CSPD, Parastatals Pension Department, PaPD, Police Pension Department, PPD, and Customs, Immigration and Prisons Pension Department, CIPPD, have begun receiving their accrued arrears.

Source: Vanguard

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