Ptad news update

PTAD stands for Pension Transitional Arrangement Directorate, which is a Nigerian government agency responsible for managing the pension transition of federal civil servants. Here's a news update on PTAD:

Latest News:

  1. PTAD to Pay Outstanding Pension Benefits: The Pension Transitional Arrangement Directorate (PTAD) has announced that it will pay outstanding pension benefits to federal civil servants who are due for payment. This move is aimed at resolving the long-standing issue of delayed pension payments.
  2. PTAD Launches Online Pension Verification System: PTAD has launched an online pension verification system to enable pensioners to verify their pension details and check their payment status. This system is expected to reduce the time spent by pensioners in queues and improve the overall pension payment process.
  3. PTAD to Implement Biometric Verification for Pensioners: PTAD has announced plans to implement biometric verification for pensioners to ensure that only eligible pensioners receive their benefits. This move is aimed at reducing fraud and improving the efficiency of the pension payment process.
  4. PTAD to Pay Pension Arrears to Retirees: PTAD has announced that it will pay pension arrears to retirees who are due for payment. This move is aimed at resolving the long-standing issue of delayed pension payments and ensuring that retirees receive their benefits on time.

Recent Developments:

  1. PTAD Pays N1.4 Billion to Pensioners: PTAD has paid N1.4 billion to pensioners in the month of March 2023. This payment is part of the ongoing efforts by the agency to pay outstanding pension benefits to federal civil servants.
  2. PTAD Launches Mobile App for Pensioners: PTAD has launched a mobile app for pensioners to enable them to access their pension details and check their payment status on the go.
  3. PTAD Partners with Banks to Improve Pension Payment: PTAD has partnered with several banks to improve the pension payment process and reduce the time spent by pensioners in queues.

Upcoming Events:

  1. PTAD Pensioners' Day: PTAD will be celebrating its pensioners' day on May 25, 2023, to recognize the contributions of pensioners to the country.
  2. PTAD Stakeholders' Meeting: PTAD will be hosting a stakeholders' meeting on June 1, 2023, to discuss issues related to pension payment and implementation of the pension transition arrangement.

I hope this update is helpful. Let me know if you have any further questions!