PENSION TRANSITIONAL ARRANGEMENT DIRECTORATE,PTAD DISBURSES OVER 1.6BILLION NAIRA TO DECEASED PENSIONERS NEXT OF KIN
The Pension Transitional Arrangement Directorate, PTAD, says it has achieved a major milestone by disbursing over 1.6 billion naira to 776 verified and gible Next of Kin of deceased pensioners.
This payment covers beneficiaries from the Civil Service, Police, Parastatals, Customs, Immigration, and Prisons Pension Departments .
According to the breakdown of the payment, 629 Next of Kin under the Parastatals Pension Department received over 1.4 billion naira, while 103 Next of Kin from the Civil Service Pension Department were paid over 101 million naira. Additionally, 43 Next of Kin of Police Pensioners received over 58 million naira, and 1 Next of Kin under the Customs, Immigration, and Prisons Pension Department got over 2.4 million naira.
PTAD’s Executive Secretary, Tolulope Odunaiya, emphasized that the payment demonstrates the Directorate’s commitment to settling the entitlements of deceased pensioners.
She noted that PTAD is working hard to clear the backlog of pension liabilities and that this disbursement is a significant step in that direction .
In a release signed by PTAD’s head of corporate communication,Mr.Olugbenga Ajayi,PTAD head,Odunaiya highlighted that paying death benefits to Next of Kin is a crucial part of PTAD’s mandate, providing financial relief to families who have lost their loved ones.
Reaffirming PTAD’s dedication to pensioners and their families, Odunaiya assured that the Directorate remains committed to delivering efficient and timely pension payments.