The Pension Transitional Arrangement Directorate (PTAD) has concluded the computation of pension benefits for 3,542 Delta Steel Company (DSC) Aladja, pensioners.
Following the successful conclusion of the exercise, the PTAD announced that the 3,542 pensioners who were cleared by Federal Audit will be pay-rolled in August 2018 and will start receiving their monthly pension for life.
The Directorate in on Monday stated that this milestone achievement is coming 13 years after the Federal Government concluded the privatization of the company in February 2005.
The Executive Secretary, Sharon Ikeazor along with her Management team had in March 2017, paid a working visit to Aladja, Warri Delta State where she met with the retirees and assured them of President Muhammadu Buhari’s administration’s commitment to the welfare of Nigerian pensioners.
PTAD had successfully verified 4,182regular pensioners and deceased pensioners Next of Kin (NOKs) in November 2017 in an exercise that held concurrently in Abuja, Lagos and Aladja in Delta state.
The computation, audit and pay-rolling of NICON, Nigerian Reinsurance and NITEL/MTEL will be completed in due course.