Pension: PTAD pays N7.3bn to 237,306 pensioners under Defined Benefit Scheme- Official

The Pension Transitional Arrangement Directorate (PTAD) says it has completed the payment of N7.3 billion July pension of 237,306 federal pensioners under the Defined Benefit Scheme (DBS).

The PTAD said in Abuja on Friday that of this amount, it paid 98,362 pensioners under the Parastatals Pension Department (PaPD), 16,111 pensioners under Police Pension Department (PPD) and 110,753 pensioners under Civil Service Pension Department (CSPD).

Another 12,080 pensioners were paid under Customs, Immigration and Prisons Pension Department (CIPPD).

The directorate said that it was committed to keeping its promise of making prompt payment to pensions as at when due, stressing that it was a Treasury Funded Agency (NAN).

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