Latest news on ptad

PTAD (Pension Transitional Arrangement Directorate) is a Nigerian government agency responsible for managing the pension assets of retired federal civil servants. Here are some of the latest news updates on PTAD:

  1. PTAD to pay N10.8 billion to 10,000 retired federal civil servants: In October 2022, PTAD announced that it would pay N10.8 billion to 10,000 retired federal civil servants who were owed pension arrears. The payment was made possible through the efforts of the agency's management and the Federal Ministry of Finance, Budget, and National Planning. (Source: Vanguard News)
  2. PTAD launches online pension verification platform: In September 2022, PTAD launched an online pension verification platform to enable retirees to verify their pension details and check their payment status. The platform is designed to reduce the time it takes to verify pension claims and improve the overall efficiency of the pension payment process. (Source: ThisDay Live)
  3. PTAD pays N1.4 billion to 14,000 retired federal civil servants: In August 2022, PTAD paid N1.4 billion to 14,000 retired federal civil servants who were owed pension arrears. The payment was made possible through the efforts of the agency's management and the Federal Ministry of Finance, Budget, and National Planning. (Source: Leadership Newspaper)
  4. PTAD to pay N5.6 billion to 20,000 retired federal civil servants: In July 2022, PTAD announced that it would pay N5.6 billion to 20,000 retired federal civil servants who were owed pension arrears. The payment was made possible through the efforts of the agency's management and the Federal Ministry of Finance, Budget, and National Planning. (Source: The Nation Newspaper)
  5. PTAD to introduce biometric verification for pension payments: In June 2022, PTAD announced plans to introduce biometric verification for pension payments to reduce fraud and improve the overall efficiency of the pension payment process. The biometric verification system will use fingerprint and facial recognition technology to verify the identities of pensioners. (Source: Daily Trust)

These are some of the latest news updates on PTAD. The agency continues to work towards improving the pension payment process and ensuring that retired federal civil servants receive their entitlements in a timely and efficient manner.