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June 10th, 2021, 8:08 am

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FG begins payment of new pension to retirees
June 10, 2021
By By Victor Ahiuma-Young

By Victor Ahiuma-Young
The Federal Government through the Pension Transitional Arrangement Directorate, PTAD, has begun the payment of the consequential adjustment to pensioners under the Defined Benefit Scheme, DBS.

The Executive Secretary of PTAD, Chioma Ejikeme, disclosed this development through a statement by the Directorate’s Head of Corporate Communications, Mr Gbenga Ajayi, informing that the payment was in fulfillment of the promise she made following the announcement of President Muhammadu Buhari’s approval of the implementation of the consequential adjustment to the pension benefits occasioned by the new minimum wage increase of 2019

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