By Obinna Chima

The Pension Transitional Arrangement Directorate (PTAD) recently held a three-day organisational strategy planning session in Abuja to set the direction for the agency’s medium to long term objectives.
Over the last two years of its existence, PTAD had focused on consolidating the pension payment of the Police, Customs, Immigration and Prisons, Civil Service and Parastatals Pensions, which it inherited from legacy schemes and has been cleaning up the payrolls of these groups.
A statement from the Head Corporate Communications, PTAD, Theodora Amechi explained that the clean-up of the payrolls had seen PTAD embark on the on-going verification exercise which has enable the agency identify unqualified pensioners, areas of over-payment and underpayment and the update of records of Next of Kin (NOK) of deceased pensioners.
“With the sanitisation of the payroll under way, the agency thought it timely to set a new agenda for improving and sustaining the excellent service delivery it has come to be known for, to pensioners under the Defined Benefit Scheme (DBS).
“The three-day strategy session, reviewed the agency’s mandate as contained in the 2014 Pension Reform Act (PRA), which created the agency, and reassessed the vision, mission and core values that would guide the operations of the agency in the medium to long term,” she said.
While speaking at the event, the Director General/ES of the Agency, Mrs. Nellie Mayshak, was quoted to have expressed delight at the progress the agency has made thus far.
“We are a model agency of government, working diligently towards making our pension system credible, transparent and comparable to international standards,” she said.