The Pension Transitional Arrangement Directorate (PTAD) has paid N2.61bn to 103,710 civil service pensioners as the final tranche of the 33 per cent pension increment arrears.
A statement released by the commission over the weekend said that is the final tranche being made to civil service pensioners on the six months arrears of 33 per cent pension increment.
It will be recalled that in July 2010, the Federal Government announced a 33 per cent pension increase for pensioners.
The FG began the payment of this increment from January 2014 leaving arrears of 42 months outstanding.
PTAD revealed that out of the 42 months that were outstanding as at 2014, 24 months were paid in 2016, six months were in 2017, while six months were paid in November, 2018.
“The directorate has now cleared the backlog of the 33 per cent pension arrears of three main Departments of Civil Service Pension Department; Police Pension Department and Customs, Immigration and Prisons Pension Department,” PTAD said.
The directorate assured that the backlog of 33 per cent arrears owed parastatal pensioners will be cleared in due course.
