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Jonathan sets up new pension department

12 September 2013, 12:46

Abuja - President Goodluck Jonathan on Wednesday approved the establishment of the Pension Transition Arrangement Department (PTAD) and appointed Nellie Mayshak as its Director-General.

This is contained in a statement issued in Abuja by Tope Ajakaiye, the Director of Communications in the Office of the Head of the Civil Service of the Federation.

The statement said that Bukar Aji, the Head of the Civil Service of the Federation, revealed the new development in pension administration.

It said that Aji explained that the establishment of the new pension department was in line with Section 30, Sub-Section (2a) of the Amended Pension Reform Act of 2004.

The statement said that the new pension department would take over the management of three of the offices currently managing the old pension scheme.

The offices are the Civil Service Pension Department, the Police Pension Office and the Customs, Immigration and Prisons Pension Office (CIPPO).

"Accordingly, the Director-General (of PTAD) is expected to spearhead the smooth transition of the three offices into a single pension administration and management under the supervision of the National Pension Commission (PENCOM).

"The department will directly report to the Office of the Coordinating Minister for the Economy and Minister of Finance for effective coordination and control,’’ the statement said.

-  NAN


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