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PTAD suspends 22,000 pensioners from payroll



PTAD suspends 22,000 pensioners from payroll

Monthly pension bill hits N7.8bn


19,000 retirees having issues over BVN


The Pension Transitional Arrangement Directorate (PTAD) had suspended 22,021 pen sioners from the payroll following the non-appearance of the pensioners for the verification exercise in 2017.


The PTAD pays out N7.8 billion monthly to 237,000 verified pensioners in its data under Defined Benefit Scheme (DBS). Over N6 billion had been saved annually from the verification process. T


he agency, in addition, has recovered cash and non-cash assets of over N16 billion from the Board of Trustees (BOT) and in-surance underwriters.


The cash component of N6.9 billion is domiciled with the Central Bank of Nigeria (CBN) designated Recovery Account, created solely for the remittance of such funds. About 25 properties belonging to the Federal Government in the custody of NICON Insurance Plc. had been recovered and forwarded to the Federal Ministry of Works and Housing for proper assessment and valuation, PTAD boss disclosed.


Executive Secretary of PTAD, Barrister Sharon Ikeazor, confirmed the updates yesterday in Abuja at a press briefing. Ikeazor said the pensioners, who did not show up for the exercise, were given up to end of March to appear, saying that the basis of verification was to identify genuine pensioners.

She, however, said the directorate had also taken cognisance of pensioners living in the Diaspora, adding that pensioners in that category, who had updated their status with PTAD would, however, not be affected.


“Following the successful conclusion of the nationwide civil service pensioners’ verification exercise in December 2017, pensioners who did not show up were given up to the end of March 2018 to come forward to be verified. A total of 22,021 who did not show up have now been suspended from the payroll, amounting to a monthly savings of N495, 022,747.57 to government.


“This would translate to approximately N6 billion per annum. Pensioners in the Diaspora, who have written to update us of their status, will, however, not be affected,” she said. Also, the PTAD took off another 19,000 pensioners who had issues with their Bank Verification Number (BVN). While not ruling out completely their reinstatement, Ikeazor said that it can only be reversed “if they sort out the BVN issue with their banks.”


Sharon said the figure of 237,000 is not sacrosanct as, according to her, “the figure may go up slightly as some pensioners are about to be added into the payroll.”


Speaking in respect of verified civil service pensioners, Sharon said: “PTAD has successfully added 7,969 verified civil service pensioners to the payroll. These are pensioners who were verified in the South-West and North- Central in Q4 2017.


“Before this addition, over 19,500 verified civil service pensioners from the North-West, South- East, North-East and South-South had been reinstated and paid their arrears. Also ongoing is the computation of benefits for over 5,000 verified civil service pensioners.


This will conclude the payrolling of all verified civil service pensioners.” She explained that with the recent verification of pensioners, PTAD has added over 700 verified parastatal pensioners from the Federal Housing Authority and NDA (Civilians) to the payroll.


She said the pensioners will begin to receive monthly pension payments. She said the directorate had also concluded the computation of benefits of 467 verified pensioners of New Nigeria Newspaper (NNN) and their 17 Next-of- Kins (NoK) in first quarter of 2018. She, however, noted that the NNN pensioners were yet to be pay-rolled owing to some judicial issues that needed to be resolved.


“We are working to ensure this is expeditiously done so that they can start collecting their monthly pension,” she said. She said the computation of benefits of 4,182, Delta Steel Company (DSC) and 22,000 NITEL/MTEL retirees across the country were also ongoing, adding that PTAD was working hard to ensure speedy computation of their benefits.


She said about 2,830 civil service pensioners, verified in the North-East between November 2016 and January 2017, who were wrongly removed from the payroll prior to the establishment of PTAD, were put back on the payroll and paid their total arrears of N1,328,935,014.83 as at June 2017. She said 8,564 civil service pensioners verified in the South-South between January and February 2017 were payrolled and paid arrears of a total of N4,984,219,446.99 from June to December 2017.

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