How we saved N750m monthly pension for FG - PTAD

Date: 2021-03-27

Pension Transitional Arrangement Directorate (PTAD) has said it removed no fewer than 20,089 pensioners not verified from its payroll last October.

The directorate added the exercise saved a sum of N750 million monthly pensions for the Federal Government.

Director, Parastatal Pension Department under PTAD Kabiru Yusuf said this in Ilorin, Kwara state capital at the biannual delegate conference of Federal Parastatal and Private Pensioners Association of Nigeria (FEPPAN), Railway branch.

Yusuf added: "When we took over in August 2015 to pay pension of parastatal workers there was no database. We only got names, serial numbers, bank account numbers and monthly pensions from the respective agencies and all those managing the scheme at a time.

"It was on the basis of that that we were getting budgetary provisions from the Federal Government.

"October 2020 we removed those on our payroll that had not been verified. They were about 20,089. Before we did that we notified the unions, the agency and of course the supervising ministry and asked that anyone that has genuine case should forward his or her complaints to the dedicated address we created.

"By that time too we collectively resolved that the time had been sufficient enough time for anybody that had a genuine case to have made himself or herself available for the exercise.

"When we implemented the first phase of the outcome of the verification, we discovered that the monthly pension amount tied to the 20,089 pensioners that we removed was about N750 million.

"That was real savings for government. It means our monthly pension figures reduced by N750 million. And it will only start increasing for any single pensioner that will get back to our payroll based on valid and genuine documentation."

The director said currently the directorate is embarking on mop-up verification exercise of pensioners across the nation.

"The mop-up verification being embarked upon by PTAD for pensioners is essentially designed for those who missed the open field general verification that ran between April and November 2019 across the geo-political zones.

"The mop-up is a function of the invitation we received from pensioners who want to be verified.

"We have done one in our headquarters in Abuja. That dealt with pensioners whose applications we have received and those pensioners are residing in Abuja and the surrounding states. Based on the applications we received in Lagos and some of the states around Lagos our team is currently verifying those pensioners that their documents have been received and reviewed.

"It is our plan to go to all the geo-political zones of the country based on applications too.

"We planned to use the outcome of the verification we did between April and November 2019 to take a decision. Unfortunately, we could not do that because of COVID-19. So we waited and gave opportunity for those who missed the exercise then to come into our offices."

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Amusement Park     Akom Construction And Engineering Synergy Ltd     Bashirat Bola Bello     Taofik Abdulkareem     Kwara Politics     Rafiu Olasile     Islamic Development Bank     Ibrahim Bio     Vasolar Consultoria     Bello Oyedepo     First Lady     Sola Saraki University     Abegunde Goke     Azeez Salawu     Khadijat Ayoola Yusuf     Jawondo     Ahmad Ali     Shettima     Wasiu Odewale     Gbugbu International Market     Kwara Restoration Project     Tunji Ajanaku     IYA YUSUF     Leke Ogungbe     Salman Suleiman     Erin-ile     Ijakadi     Sarakite     Mary Kemi Adeosun     Aliyu Umar     Gurei     Cornelius Adebayo     Col. Ibrahim Taiwo     Muritala Olarewaju     Sambo Murtala     Abdulkadir Jimoh     Isiaka Alikinla     Centre For Digital Economy     Eghe Igbinehin     Ishak Mohammed Sabi     Tunde Akanbi     Olajumoke Monsura Gafar     Ajibola Saliu Ajia     Aliyu Adebayo     Monkey Pox     Ilorin Durbar     Asa     Law School Scholarship     Jaigbade Alao     KWASEIC     Kulende     Bamidele Adegoke     Amos Sayo     SUBEB     Wahab Abayawo     Academic Staff Union Of Universities     Omoniyi M. Ayinla     Kayode Alabi     John Dara     Abubakar Atiku     Kwara South     MAI Akande     Local Government Pension Board     Mutawalle     Idiagbon     Abdulraheem Yusuf     Abdulwahab Oba     IHS Towers     National Party Of Nigeria     Ibrahim Abduquadri Abikan     Maigida Soludero Transit     Akume     Yakubu Gobir     Abdullahi AbdulMajeed     Association Of Kwara State Online Media Practitioners     Ibrahim Issa Jetti     Lasiele Alabi Yahaya    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Public Holiday     Lawan     Amusa Bello     Lanre Olosunde     Garuba Alikinla Shittu     March 18     Coalition Of Kwara North Groups     Kola Bukoye     Dan Masanin     Salman Suleiman     Kwara State Sports Commission     Chemiroy Nigeria Limited     Madawaki Of Ilorin     Ezekiel Yissa Benjamin     Umar Ahmed Gunu     Ahmad Olayiwola Kamaldeen     Bayo Ajia     Adaramaja     KWTV     Special Agro-Industrial Hub     Yahaya Jibril Usman     Diagnostic Centre     Aliyu Alhassan     NIPOGA     Olabimpe Olani     Assayomo     Saka Keji     Smart School     Muhammadu Buhari     Tunde Yusuf     Lola Ashiru     Ahmed Dankaya     Quranic Recitation Competition     Mutawali     Binta Sulyman     Ganiyu Abolarin     Funke Adedoyin     Tafidan Kaiama     Sulyman Tejidini     Monkey Pox     Chief Of Staff     Yusuf Olaolu Ali     Kwara Restoration Project     Budo-Egba     Elections     Fola Consultant     Suleiman Rotimi Iliasu     Michael Nzwekwe     Taibat Ayinke Ahmed     Standard Organization Of Nigeria     Olusegun Adeniyi     Muhammad Akande Olarewaju Odunade     March 28     Offa Descendants Union     Sunday Fagbemi     Sabo-Oke     Bayer AG     Abiodun Abdulkareem     Kayode Oyin-Zubair     BIR     Sa\'adatu Modibbo-Kawu     Azeez Bello     Yunus Oniboki     Abdulhakeem Amao     Muslim Cementary     ASMAU PLAZA     David Oyerinola Adedunmoye     Sola Saraki University     The Herald     Muhammed Danjuma     Tafida Of Ilorin     Taofeek Sanusi     Haruna Tambiri Mohammed     Alimi     Ibraheem Abdullateef     Kpotum Mohammed Baba     Kishira