Medical/Health Care

PTAD concludes computation benefits for Delta Steel Company pensioners

The Pension Transitional Arrangement Directorate, PTAD, has concluded the computation of pension benefits for 3,542 Delta Steel Company pensioners Aladja, a coastal town in Delta State, Southern Nigeria.

In a press statement, PTAD says it is a significant milestone achievement coming 13 years after the Nigerian Government concluded the privatization of the company in February, 2005.

According to the release, PTAD had successfully verified 4,182 regular pensioners and deceased pensioners' Next of Kin in November 2017 in an exercise that held concurrently in Abuja, Lagos and Aladja in Delta State.''

Following the successful conclusion of the exercise, the Directorate wishes to announce that 3,542 pensioners who were cleared by Federal Audit will be pay-rolled in August 2018 and will start receiving their monthly pension for life.

The Executive Secretary, Sharon Ikeazor, along with her Management team had paid a working visit to Aladja, in Delta State in March 2017 to meet with the retirees to assure them of the commitment of President Muhammadu Buhari's administration to the welfare of Nigerian pensioners.

Meanwhile, according to PTAD, the computation, audit and pay-rolling of NICON, Nigerian Reinsurance and NITEL/MTEL will be completed in due course.

Source: Voice of Nigeria