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PTAD spends N27.5bn in pension arrears, vows to end inequity among retirees

By Victor Ahiuma-Young The Pension Transitional Arrangement Directorate, PTAD, has announced that it has paid over N27.5 billion in accrued pension arrears under the Defined Benefit Scheme, DBS, even as it unveiled bold plans to eliminate inequity among retirees and expand pensioner healthcare coverage in 2026. The Executive Secretary of PTAD, Tolulope Odunaiya made the disclosure […]

Military Pension: Adamu takes over military pension board 

By Victor Ahiuma-Young Air Vice Marshal Abubakar Adamu has assumed office as the Chairman of the Military Pensions Board, MPB. In a statement by the Public Relations Officer of the board, Ahmed Mohammed, said the handover marked a new chapter in the board’s commitment to enhancing the welfare of retired military personnel and ensuring greater efficiency […]

Social Security: NSITF reinforces mandate on compensation, workplace health, safety

By Victor Ahiuma-Young The Nigeria Social Insurance Trust Fund (NSITF) has reiterated its commitment to ensuring adequate compensation, workplace safety, and rehabilitation support for Nigerian workers under the Employees’ Compensation Scheme (ECS). As part of this mandate, the Fund disbursed over N49 million in compensation to four beneficiaries under the ECS. During the first presentation, N23 […]

Pension consultants back gratuity reintroduction

By Victor Ahiuma-Young A former member of the Board of the National Pension Commission, PenCom, and Director, Centre for Pension Rights Advocacy, CPRA, Mr Ivo Takor, has welcomed the proposed reintroduction of gratuity payments under the Contributory Pension Scheme, CPS. Recall of the planned partnership between the National Pension Commission (PenCom) and the Office of the […]

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