President Muhammadu Buhari has approved the payment of new minimum wage to pensioners
This was made known on Friday, by the Executive Secretary, Pension Transitional Arrangement Directorate, Dr Chioma Ejikeme who said that the new pension payment would start from May 2021 by the presidential approval which has empowered to start the upward adjustment of all pensioners’ benefits
She added that that the payment of the arrears would cover the period of the implementation of the minimum wage according to the approved template.
On April 22, a statement was released to inform the public of the President’s sincerity to implement the consequential adjustment on the pension benefits through PTAD.
“The arrears from April 2019 will be paid along with the pensioners’ monthly benefit starting from May 2021 payroll.”
“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,” she said.
She further said that all pensioner will be informed of the new development via SMS
“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.