The Executive Secretary(PTAD) Sharon Ikeazor, who spoke to The Guardian at the Yaba centre of the exercise in Lagos, said the exercise is for pensioners under the Defined Benefit Scheme (DBS in the state.
About 21,295 retirees are to be approved for payment benefits at the ongoing verification of eligible civil service in Lagos State, the Pension Transitional Arrangement Directorate (PTAD) has said.
The Executive Secretary(PTAD) Sharon Ikeazor, who spoke to The Guardian at the Yaba centre of the exercise in Lagos, said the exercise is for pensioners under the Defined Benefit Scheme (DBS in the state.
Ikeazor, noted that the exercise which commences on September 18th, will run through 29th is the second phase of the exercise in the South West zone held in Osun, Ondo and Ekiti states in August. It comes after similar exercises in four zones involving 64,825 pensioners who were not pay-rolled for years but now verified and being paid with arrears.
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According to her, the exercise involve four distinct steps for capturing their biodata and other relevant documents for them to be suitably placed in the payroll and database for payment of their monthly pension.
However, the sick and infirm would be covered in their locations while a total of 108 PTAD staff have being deployed for the exercise. She said the reason for the exercise was to ensure that the right inidividuals qwere being paid and the institute’s data updated.
Between four and five months after verification, those not on the payroll will be returned and will start earning pensions. All those on the payroll are been verified and if they have any other complaint, it will be rectified during this verification,” Ikeazor said.
The executive secretary noted that those being verified were civil service, police, paramilitary and parastatals pensioners.
According to her, the Federal Government pays N7.5bn monthly to retirees in the old pension scheme, adding that the fund was always released regularly.
Specifically, 33 per cent arrears, Ikeazor noted that the Minister of Finance presented the pension liabilities to the Federal Executive Council and got approval to raise bonds and promissory notes to clear them.
Source: G Business
