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President Buhari approves minimum wage for pensioners

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President Buhari appoints Chairman, Executive Secretary for PPPRA

President Muhammadu Buhari has approved the payment of the significant alteration to pensioners under the Defined Benefit Scheme in accordance with the minimum wage approved in 2019.

The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr Chioma Ejikeme, on Friday, announced this at a news briefing in Abuja.

Ejikeme stated that with the Presidential approval, PTAD had been authorised to begin the upward change of all pensioners’ benefits in line with the approved template.

She added that the change of the new pension payment would begin from May 2021 stating that the payment of the arrears would cover the enactment period of the minimum wage.

Ejikeme said, “The arrears from April 2019 will be paid along with the pensioners’ monthly benefit starting from May 2021 payroll.”

She declared that on April 22, a statement was issued to apprise the public of President Buhari’s honesty to carry out the significant change on the pension benefits through PTAD.

Ejikeme stated, “I emphasise that the Nigeria Union of Pensioners has no reason to go on protest because the matter has been finalised.

“True to that statement, we are here today to confirm that the consequential adjustment will be implemented from May 2021 payroll.

“As a responsible agency of government saddled with the responsibility of overseeing the payment of pension benefits to pensioners under the DBS and their welfare, we are encouraged to do more for our pensioners.

“And we will continue to strive to improve the quality of their lives.”

The Executive Secretary further disclosed that PTAD would not ask the senior inhabitants to pay any gratification to anybody before they obtain their money.

Ejikeme urged them not to give their account details to anybody, and to report any fraudsters to any of the security officials or PTAD.

She said, “We have concluded arrangements to send SMS to all pensioners, informing them of the payment and to caution them on the activities of the pension scammers.

“The time has come for DBS pensioners to continue to eat the fruits of their labour.

“We appeal to pension unions to always cooperate with the directorate in order to further facilitate better welfare opportunities for our pensioners.”

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