GUIDELINES FOR THE OPERATIONS AND SUPERVISION OF THE PENSION TRANSITIONAL ARRANGEMENT DEPARTMENT (PTAD)
Guideline · Finance
Guidelines govern the operations and supervision of the Pension Transitional Arrangement Department (PTAD), which administers pension payments for federal government retirees under the old scheme. They target federal retirees, PTAD staff, and oversight bodies like the Ministry of Finance. This ensures timely and accurate pension payments.
GUIDELINES FOR THE OPERATIONS AND SUPERVISION OF THE PENSION TRANSITIONAL ARRANGEMENT DEPARTMENT (PTAD)
What Is This Policy?
Guidelines governing the operations of the Pension Transitional Arrangement Department (PTAD), the body responsible for administering pension payments to federal government employees who retired under the old defined benefit pension scheme.
Who Does It Target?
Federal government retirees under the old defined benefit scheme PTAD staff and management Federal Ministry of Finance PenCom as the overseeing body
What Does It Aim to Achieve?
Ensure timely and accurate payment of pensions and gratuities to federal government retirees under the old scheme, and provide a regulatory framework for PTAD's operations.
Key Features
PTAD Mandate: PTAD pays monthly pensions and gratuities to federal government employees who retired before the CPS was introduced. Beneficiary Verification: PTAD conducts regular biometric verification exercises to confirm pensioners are alive and receiving correct payments. Payroll Administration: PTAD maintains the federal government defined benefit pensioners payroll and processes monthly payments. Complaints Handling: PTAD handles complaints from pensioners regarding non-payment, underpayment, and administrative errors.
Current Status
Rollout Stage: Active Coverage: Federal government pensioners under the old defined benefit scheme Beneficiaries: Federal defined benefit pensioners and their dependants Funding: Federal Government appropriations
How to Access
Pensioners must participate in biometric verification exercises Report payment discrepancies to the nearest PTAD state office Update next-of-kin and bank account information with PTAD Application method: Engage PTAD at its headquarters in Abuja or state field offices.
Important Terms
Failure to participate in biometric verification may lead to suspension of pension payments Death of a pensioner must be reported promptly to prevent overpayment Fraudulent claims for deceased pensioners' benefits attract criminal prosecution
Official Resources
Website: https://www.ptad.gov.ng Contact: Pension Transitional Arrangement Department (PTAD)
Legal Framework
Issued under the regulatory powers of the National Pension Commission (PenCom) pursuant to the Pension Reform Act 2014. The PTAD operates under the Pension Transitional Arrangement Department enabling provisions. Operates alongside the Finance Acts (for annual budget of legacy pensions), the Public Service Rules, and the Head of Civil Service of the Federation Act. Aligns with IOPS principles on transitional pension arrangement oversight.