PTAD pays 33% pension arrears

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The Pension Transitional Arrangement Directorate (PTAD) has paid another installment of the 33 per cent Pension Arrears owed to its pensioners, according to the management in a statement issued, last Monday.

The statement informed that the categories involved included the police, civil service as well as parastatal pensioners.

“The Pension Transitional Arrangement Directorate (PTAD) wishes to inform all pensioners under the Defined Benefit Scheme (DBS) that the Directorate has paid another installment of the 33% Pension Arrears owed to its pensioners.

“The categories of pensioners affected are as follows:

​“Police Pensioners: ​12 (Months Paid this installment), 24 (Months Paid To Date), ​18 (Months Outstanding); Civil Service Pensioners: ​6 (Months Paid this installment), 30 (Months Paid To Date), ​12 (Months Outstanding); Parastatal Pensioners: 6 (Months Paid this installment), 18 (Months Paid To Date), 36 (Months Outstanding).

“All pensioners under the Customs, Immigration and Prisons Pensions Department had already been paid the 33% arrears in full since August 2016.

“The latest payment was made from the Service Wide Vote released last week by the Federal Ministry of Finance (FMF). PTAD will settle the outstanding arrears of the 33% increment as soon as additional releases are made. Until then, the Directorate implores all its pensioners to be patient and continue to exercise vigilance against the activities of fraudsters and rabble-rousers,” the statement read.

PTAD also advised beneficiaries to ‘report any incident of extortion to the Directorate or the security agencies.’

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