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DEFINED BENEFIT SCHEME
The Pension Transitional Arrangement Directorate (PTAD) has commenced the implementation of new pension increments for retirees under the Defined Benefit Scheme (DBS), following the partial release of N20.188 billion by the Federal Government.
The Pension Transitional Arrangement Directorate (PTAD) has disbursed more than N1.64 billion to 776 verified and eligible next of kin (NoK) of deceased pensioners under the Defined Benefit Scheme (DBS), the agency announced on Wednesday.
PTAD indefinitely postponed the proposed resumption of the walk-in verification for pensioners.
PTAD has suspended walk-in verification of pensioners at its headquarters and state liaison offices with effect from December 15, 2020.