The National Assembly (NASS) has joined the list of the Federal Government institutions and agencies, as well as the pensioners’ unions, in commending the Pension Transitional Arrangement Directorate (PTAD) for administering and managing the Defined Benefit Scheme (DBS) pension in Nigeria efficiently and effectively.
Members of the Senate Committee on Establishment and Public Service, and House Representatives Committee on Pension, at a joint sitting of the two chambers for the presentation of PTAD’s 2024 budget proposal, expressed their satisfaction at PTAD performance since its establishment for the purpose of administration and management of DBS pension system in the country.
The joint committee of the two chambers also commended Dr Chioma Ejikeme, the Executive Secretary of PTAD, for ensuring that the directorate’s 2024 budget proposal and 2023 performance presentation were well detailed and apparent.
They also noted that pension is very critical and central to the wellbeing of senior citizens, hence they enjoined PTAD to be multi-tasking in its activities and organise more stakeholders’ engagements for Nigerians to appreciate government’s efforts in pension administration.
Earlier in her presentation, Dr. Ejikeme, presented to the Committees various achievements made by the Directorate in the last few years of it existence, especially in the year 2023. The achievements includes regular payment of monthly pension, introduction of I Am Alive Confirmation Solution, the establishment of Anti-corruption and Transparency Unit and enrolment of many pensioners to the payroll.
She went further enlighten the Committees on a new project the Directorate is working on that will address the complaints of the Next of Kin (NOK) of deceased pensioners. She also hinted the two Chambers that the project has been lunched, will address all issues militating against payment of gratuity to pensioners and death benefits to their NOKs.
Thereafter, the Executive Secretary, presented a budget of N134.8BN for the payment of pension, Gratuities and unfunded liabilities for the year 2024.
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