The Pension Transitional Arrangement Directorate (PTAD) claims it saves the Federal Government from losing over N100 million monthly to pension scams.
Nellie Mayshak, the Director General of PTAD, disclosed this during the verification exercise of Civil Service Pensioners in Abakaliki. He explained that the objective of the verification exercise was to establish a credible, authentic and digitalized database for pensioners under the Defined Benefit Scheme (DBS) and to eliminate over-payment, as well as fish out ghost workers.
He said the verification is also aimed at regularizing anomalies such as over payments as well as under payments of salaries to pensioners witnessed across the country. According to him, PTAD is a Directorate under the Federal Ministry of Finance established in August 2013 in compliance with the provisions of section 30 sub-section2 (a) of the Pension Reform Act of 2004 and as restated in section 42(1) of the amended act of 2014 to manage the old pension scheme.
He said, "with the successful completion of the nationwide biometric verification of Police, Customs, Immigration and Prison Pensioners, PTAD was able to Identify and remove over 3,000 bogus names from the payroll. This has in effect saved the Federal Government about N100 Million monthly in fraudulent pension payments.
"We are able to restore monthly pension payments to genuine pensioners previously removed from the payroll, including 750 Pensioners (made up of 529 regular police retirees and 221 Next of Kins (NOKs) who had never been paid any pension or gratuity, some for over 10 years after retirement."
Nellie stated the preparedness of the agency to bring sanity in the payment of pension to pensioners noting that pensioners who were not receiving their pensions prior to the establishment of PTAD now being paid.
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