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Home Business & Finance

We recognise PTAD’s vital role on pension payment, others – Reps

Mediabypassnews by Mediabypassnews
10 months ago
in Business & Finance
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The House of Representatives said it recognises the vital role which the Pension Transitional Arrangement Directorate (PTAD) plays, especially in payment of pensions, gratuity and death benefits to retirees of the Federal Government exempted from the Contributory Pension Scheme.

The members made this statement on Monday when the House Committee on Pensions, led by its Chairman, Hon. Hussaini Mohammed Jallo, visited the Directorate as part of their Oversight Function.
According to the Chairman, the visit was part of their duties in line with standing orders of the House of Representatives.

He further explained that the Committee was established to provide guidance and support to the Directorate, ensure accountability and transparency, facilitate collaboration and above all, appropriate the needed funds to take care of the pensioners under PTAD’s jurisdiction.

In her welcome remarks, the Executive Secretary of PTAD, Tolulope Odunaiya, expressed her appreciation to the Committee for their unwavering support over the years.
“And the pledged to continue in the giant strides already laid down and ensure that the relationship between the Directorate and the Committee remains cordial and mutually beneficial to the utmost service of the Pensioners”.

The PTAD Boss informed the Committee of the Directorate’s achievements since they last visited, which in addition to regular payment of monthly pension include: Opening a new state office in Ilorin, Kwara State.

Also, Payment of arrears to some batches of pensioners in line with approval from the National Salaries, Incomes and Wages Commission, and payment of gratuities and death benefits to pensioners and Next-of-Kin of deceased pensioners respectively.
Hon. Jallo and other members of the Committee congratulated Tolulope Odunaiya on her recent appointment as the Executive Secretary of the Directorate,

He enjoined her to work together with the Committee to address the challenges and overcome obstacles in order to enhance service delivery and public satisfaction, as well as uphold the highest standards of integrity.

According to the chairman in his remarks, “together, we will drive positive change and excellence not only to PTAD, but to the Pension Industry as a whole”.

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