The Pension Transitional Arrangement Directorate (PTAD) has commenced the payment of the consequential adjustment to the pensioners under the Defined Benefit Scheme (DBS).

A statement signed by PTAD’s spokesperson, Olugbenga Ajayi and sent to African Community News, has it that the payment of the consequential adjustment was in fulfilment of managements promise to that effect.

It would be recalled that the Executive Secretary of PTAD, Dr. Chioma Ejikeme ha a few weeks ago, stated that the payment would commence in May, 2021.

She made the promise while announcing that President Muhammadu Buhari has approved the implementation of the adjustment which was occasioned by the new minimum wage increase of 2019.

“Consequently, pensioners in the four operational departments of the Directorate namely: Civil Service Pension Department (CSPD), Parastatals Pension Department (PaPD), Police Pension Department (PPD), and Customs, Immigration and Prisons Pension Department (CIPPD), have begun to receive their accrued arrears.

“While reacting to the messages of gratitude received from some pensioners, the Executive Secretary assured them of PTAD’s commitment to the welfare of the DBS Pensioners.

“She cautioned them to beware of pension fraudsters who call pensioners pretending to be staff of PTAD, reminding them that no staff of the Directorate will request for gratification before processing their pension payment.

“The PTAD boss further urged the pensioners to report such phone calls and other activities of the scammers to PTAD for adequate investigations and possible prosecution,” the statement said.


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