• About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 1, 2025
Bislad News
  • Login
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
Bislad News
No Result
View All Result

2020 -2024: PTAD Pays N1.18Bn Pension Arrears

by Bisi Bamishe
February 3, 2025
in Pension
2020 -2024: PTAD Pays N1.18Bn Pension Arrears
Share this:

By Bisi Bamishe

The Pension Transitional Arrangement Directorate has cleared a total of N1.18bn in pension arrears over the past five years, from 2020 to 2024, according to data obtained from BudgIT’s accountability platform, GovSpend, on Sunday.

 

These payments benefitted thousands of retired federal workers and are part of the government’s ongoing efforts to address long-standing pension liabilities affecting various sectors of the public service.

Read Also:

Anthonia Ifeanyi-Okoro Becomes PenOp Chief Operating Officers

Pension Industry Hosts Knowledge Session on “Demystifying Non-Interest Shari’ah-Compliant Investments.

 

The payments varied annually, with the highest amount cleared in 2023. That year, PTAD paid N591.5m in pension arrarrears, an increase from the N152.8m cleared in 2020.

 

In 2021, a total of N59.08m was cleared, followed by N39.26m in 2022. In 2024, PTAD disbursed N343m, ensuring a substantial portion of the arrears accumulated over several years was paid to pensioners.

 

The arrears covered various sectors, including university staff, retired civil servants, and former employees of defunct parastatals such as the Nigeria National Shipping Line and National Telecommunications.

 

The payments varied annually, with the highest amount cleared in 2023. That year, PTAD paid N591.5m in pension arrears, an increase from the N152.8m cleared in 2020.

 

In 2021, a total of N59.08m was cleared, followed by N39.26m in 2022. In 2024, PTAD disbursed N343m, ensuring a substantial portion of the arrears accumulated over several years was paid to pensioners.

 

The arrears covered various sectors, including university staff, retired civil servants, and former employees of defunct parastatals such as the Nigeria National Shipping Line and National Telecommunications.

 

Some of the payments also included those made to retired permanent secretaries, former accountants general, and various federal civil servants.

 

Other beneficiaries included retired staff from universities, ministries, and federal agencies, with payments ranging from several million naira to larger sums, such as N17.3m in April 2024 for arrears owed to NITEL workers.

Previous Post

Suspected Fraudsters Disguised As Assassins To Defraud Journalist, Demand For N20 million. 

Next Post

Beyond Compliance: How Third-Party Motor Insurance Protects Everyone On The Road

Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

Related Posts

Anthonia Ifeanyi-Okoro Becomes PenOp Chief Operating Officers
Pension

Anthonia Ifeanyi-Okoro Becomes PenOp Chief Operating Officers

May 28, 2025
Enlightenment  Campaign : Pension lndustry Radio Program Debuts April 27.
Pension

Pension Industry Hosts Knowledge Session on “Demystifying Non-Interest Shari’ah-Compliant Investments.

May 28, 2025
PenCom needs strong board to sustain pension sector growth – Takor
Pension

CPS: PenCom lssues New Directive To LPFOs

May 23, 2025
Leadway Pensure PFA Advocates Additional Voluntary Contributions For Future-Proof Financial Security
Pension

Strengthening Pension Systems: Leadway Pensure PFA Advocates Inclusion at Inspensonline Retirement Summit 2025

May 15, 2025
Leadway Pensure PFA Advocates Additional Voluntary Contributions For Future-Proof Financial Security
Pension

Leadway Pensure PFA Advocates Additional Voluntary Contributions For Future-Proof Financial Security

April 2, 2025
Reps Committee Probes Alleged Non-Remittance Of Pension Contribution
Pension

Reps Committee Probes Alleged Non-Remittance Of Pension Contribution

February 20, 2025
Next Post
AIICO’s Annuity Customers Attest to Financial Stability, Payout Hits N1.3bn Monthly

Beyond Compliance: How Third-Party Motor Insurance Protects Everyone On The Road

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

NLNG Launches Human Capital Development Programme Under Train 7 Project

NLNG Launches Human Capital Development Programme Under Train 7 Project

6 hours ago
AIICO Insurance Brings Joy And Hope to Visually Impaired Children on Children’s Day

AIICO Insurance Brings Joy And Hope to Visually Impaired Children on Children’s Day

2 days ago
Anthonia Ifeanyi-Okoro Becomes PenOp Chief Operating Officers

Anthonia Ifeanyi-Okoro Becomes PenOp Chief Operating Officers

3 days ago
Enlightenment  Campaign : Pension lndustry Radio Program Debuts April 27.

Pension Industry Hosts Knowledge Session on “Demystifying Non-Interest Shari’ah-Compliant Investments.

3 days ago

Bisladnews.com is an online publication of Bislad Communication Network Company. It is a news platform dedicated to providing top news.

Follow Us

Browse by Category

  • Back in the days
  • Business
  • Features
  • Insurance
  • Interview
  • News
  • Opinion
  • Paper Presentation
  • Pension
  • Photo Gallery
  • Politics
  • Sports
  • Uncategorized

Recent News

NLNG Launches Human Capital Development Programme Under Train 7 Project

NLNG Launches Human Capital Development Programme Under Train 7 Project

May 31, 2025
AIICO Insurance Brings Joy And Hope to Visually Impaired Children on Children’s Day

AIICO Insurance Brings Joy And Hope to Visually Impaired Children on Children’s Day

May 29, 2025
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In