The Association of Retired Federal Senior Public Officers of Nigeria (ARFESPON) has urged the federal government to compel the Pension Transitional Arrangement Directorate (PTAD) to pay the difference between the monthly benefits payable to retirees prior to the implementation of the minimum wage and the benefits due to them following the implementation of the minimum wage.
In the future, the association wants PTAD to pay their outstanding benefits according to the computation table drawn up by the Salaries and Wages Commission.
The group also wants the federal government to harmonize pension benefits for retirees by eliminating any disparities in the payment of pension benefits to retirees from the same cadre.
It also demanded that benefits be paid on time, noting that the monthly pension payment, which was previously paid immediately after the federal Accounts Allocation Committee (FAAC) meeting, is now paid in the first days of the new month, indicating a shift from the previous payment period.
President of ARFESPON. Mr. Olufemi Odewabi, speaking to the media in Lagos, said it was unfortunate that, after a long period of patience displayed by pensioners during the agitation for minimum wage payment, the government decided to pay 18 months out of the remaining 24 months owed to pensioners.
He claimed, however, that PTAD created a disparity in what it was supposed to pay retirees based on the salary computation table released by the Salaries and Wages Commission, which was approved by the federal government.
“The government has decided to pay this salary increase in proportion to the grade levels. “The Salaries and Wages Commission issued a circular for payment computation, which PTAD decided to disregard in its wisdom of superiority and instead issued its own formulated deficit computation, which was used to pay the arrears of eighteen months out of the twenty-four months owed,” he explained.
As a result, the ARFESPON president urged PTAD to pay the difference in what it was supposed to pay for the 18 months in accordance with the Salaries and Wages Commission’s computation table and to balance the outstanding six months using the new salary computation table.