PTAD Settles Ex-Savannah Sugar Workers’ N1.024bn Benefits, 33% Increment Arrears To Others.
The Pension Transitional Arrangement Directorate (PTAD) has settled the N1,024,424,891.06 outstanding severance benefit to 1,596 verified eligible Ex-workers and Next of kin (Nok) of deceased ex-workers of Savannah Sugar Company Limited (SSCL).
This came as the Federal Pension Office also paid N3,366,354,277.64 being the 33 percent increment arrears for six months to retirees of other 187 agencies
The management acted as directed by President Muhammadu Buhari to resolve and ensure the accurate computation and payment of the balance of the one-off terminal benefits for the workers who were disengaged in 2002 when the company was privatised.”
Breakdown of the beneficiaries show a total of 1,192 ex-workers will receive N723,546,067.24 while 404 NoKs will receive N300,878,823.82.
Also to ensure that everyone benefits, the Directorate has advised ex-workers in the diaspora who did not take part in the verification and biometric capture in Jimeta – Yola, Adamawa State in February 2019 to visit PTAD Head Quarters, Abuja or PTAD North East Regional office in Yola, Adamawa State when they return to the country to be verified.
They are to present the original and photocopies of their career documents, Original stamped and signed Bank Statement for 1 month, BVN Slip with clear picture (stamped and signed by the bank), valid means of Identification and 1 colored passport photograph.
Beneficiaries of the six months outstanding arrears of the 33% pension increment are pensioners from five sectors including Education, Health, Other Public Sector Research Institute (OPSRI), Power and Universities.
“PTAD has now offset 30 months arrears for pensioners in agencies across 5 sectors under Parastatals Pension Department (PaPD). It would be recalled that between June 2016 and December 2018, PTAD paid 24 months arrears to pensioners in these agencies.
At the time of its takeover of payment of Parastatals pension in 2015, the Directorate had inherited outstanding 33% pension increment liabilities from the various agencies.” PTAD stated.
The Directorate has assured that all arrears will be paid in due course.
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