Oronsaye report: Don’t scrap PTAD, Pensioners beg FG 


Pensioners under the aegies of Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN), have called on President Bola Tinubu, to allow the Pension Transitional Arrangement Directorate (PTAD) to continue existing as an agency that oversees pension issues of all pensioners.

A statement jointly signed by the Acting President-General and General Secretary, Alhaji Babaji Magaji, and Franklin O. Erinle, said this call became necessary to avoid reinstitution of corruption, another round of harsh treatment and more untimely death of pensioners.

The pensioners’ union said establishment of PTAD changed the narrative of DBS pension management in Nigeria for good and a lifeline for the pensioners of their category.

The pensioners said they were treated inhumanly, lost many members, and their pension fraudulently stolen by government personnel who managed pension before PTAD came.

“We don’t want anything close to that again, let alone go back to that era under any circumstances.”

The group further said all pensioners under PTAD payroll have been traumatised since they received the news of scrapping the agency. It therefore pleads with President Tinubu to spare PTAD because the services it renders are saving and prolonging the lives of pensioners, thereby delivering benefits of good governance to the retirees.

“What happened to pensioners under the Defined Benefit Scheme (DBS) before the creation of PTAD was purely “man’s inhumanity to man.” It was the era when some pensioners died either during verification exercises or on their way home after the exercise.