Sharon Ikeazo
To ease the payment of pensions and gratuities in the country, the Federal Government has begun the Defined Benefit Scheme (DBS) for its pensioners’ verification exercise.
The first phase of the exercise, which was implemented by the Pension Transitional Arrangement Directorate (PTAD), commenced in Ondo, Ekiti and Osun states on Monday, August 14, 2017 and would end tomorrow.
Executive Secretary of PTAD, Sharon Ikeazo, told journalists in Akure yesterday that the DBS would help to maintain a comprehensive database of pensioners as it was mandated in the Pensions Reform Act of 2004.She lamented the ugly experiences of pensioners in the past, stressing that they deserve a better treatment after they had sacrificed a greater part of their lives to serve the country.
She, however, disclosed that the agency, established in 2003, did not inherit a credible and dependable database, saying: “There was, therefore, an urgent need to verify all pensioners under the DBS to enable PTAD to resolve their complaints.”
Meanwhile, the Oyo State Government yesterday said that it has disbursed over N13 billion to settle about five months salaries of council workers and primary school teachers, as well as their pensioners in the state.The State Commissioner for Local Government and Chieftaincy Matters, Bimbo Kolade, disclosed this in Ibadan, stated that the N13.7bn released to the Ministry from the office of the Accountant General comprised the April, May and June allocations for the councils and a share of the Paris Club refund.
Kolade explained that Governor Abiola Ajimobi released N3 billion for April, N3.4 billon for May and N5.2 billion for June, while N2 billion was released for council workers and pensioners’ welfare from the refunded second tranche N7.9 billion Paris Club fund.
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