PTAD Disburses ₦5.12bn In Pension Arrears to 90,689 DBS Pensioners

The Pension Transitional Arrangement Directorate (PTAD) has finalized the disbursement of Five Billion, One Hundred and Nineteen Million, Three Hundred and Twenty-Eight Thousand Naira to 90,678 pensioners.

This was contained in a statement signed by the Head, Corporate Communications Unit, Olugbenga Ajayi and made available to news men in Abuja.

The move was part of efforts to clear outstanding pension liabilities as funds are disbursed by the Federal Government.

The statement said the disbursement was made to pensioners across the four pension departments which reaffirms the commission’s continued dedication and unwavering commitment to pensioners welfare.

“The breakdown of the payment is as follows:
Department Pensioners Months Paid Amount (₦)
CIPPD             8,626            1 month 276,032,000.00
PPD              9,681            2 months 619,584,000.00
CSPD             12,773            1 month 408,736,000.00
PAPD             59,609            2 months 3,814,976,000.00
Total             90,689                      ₦5,119,328,000.00

“The payment reaffirms the administration’s ongoing commitment to ensuring that pensioners receive their due entitlements in line with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, GCFR.

“CIPPD             8,626            1 month 276,032,000.00
PPD              9,681            2 months 619,584,000.00
CSPD             12,773            1 month 408,736,000.00
PAPD             59,609            2 months 3,814,976,000.00
Total             90,689                      ₦5,119,328,000.00.

“This payment reaffirms the administration’s ongoing commitment to ensuring that pensioners receive their due entitlements in line with the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu, GCFR,” the statement concluded.

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