PTAD clears N18.96bn PHCN pensioners arrears
The Pension Transitional Arrangement Directorate (PTAD) has disbursed a total of N18.96 billion to settle outstanding Back-End Computation arrears owed to 3,958 eligible PHCN pensioners under the Defined Benefit Pension Scheme. The latest payment, amounting to N9.476 billion, represents the outstanding 50 per cent balance of the BEC arrears owed to the affected pensioners. In Read More:…
The Pension Transitional Arrangement Directorate (PTAD) has released N18.96 billion to settle outstanding pension arrears for 3,958 eligible PHCN pensioners under the Defined Benefit Pension Scheme. The latest payment of N9.476 billion represents the remaining 50% of the Back-End Computation (BEC) arrears owed to the affected pensioners.
This brings the total amount disbursed to N18,958,199,952.27, fully settling the BEC arrears and marking a significant milestone in resolving outstanding pension liabilities. PTAD Director Tolulope Odunaiya emphasized the Federal Government's commitment to honoring the welfare and entitlements of pensioners under the DBS, while also acknowledging the sacrifices made by senior citizens throughout their careers.
The administration of President Bola Ahmed Tinubu is dedicated to protecting the welfare of DBS pensioners and ensuring they receive all benefits they are rightfully entitled to. PTAD promises to continue addressing outstanding pension liabilities to provide Nigerians who dedicated their productive years to national service with the benefits they deserve.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- PTAD clears N18.96bn PHCN pensioners arrears punchng.com
- PTAD pays N18.96 billion PHCN pension arrears to 3,958 retirees nairametrics.com