PTAD Strengthens Pension Framework For Retirees

The Pension Transitional Arrangement Directorate (PTAD) has reiterated its commitment to ensuring the welfare of retirees under Nigeria’s Defined Benefits Scheme, as it continues efforts to strengthen the country’s pension framework.

Speaking at a one-day workshop organized for pension correspondents and editors on Thursday, Executive Secretary of PTAD, Tolulope Odunaiya, highlighted the Directorate’s achievements, operational mandate, and future plans aimed at improving pension management.

The training, which brought together key media stakeholders, was designed to provide a comprehensive understanding of PTAD’s operations, the Act establishing the Directorate, and the mechanisms in place to ensure timely and accurate pension payments.

Odunaiya emphasized the importance of accurate information dissemination in supporting the Directorate’s mission and maintaining public confidence in the pension system.

“Pension management in Nigeria is a highly sensitive issue, and PTAD has been at the forefront since inception, ensuring that retirees under the Defined Benefits Scheme receive the support they deserve,” Odunaiya stated.

“Our work is guided by the principles of transparency, efficiency, and sustainability, and we continue to explore ways to enhance the welfare of pensioners nationwide.”

He added that PTAD remains committed to addressing past challenges in pension administration, streamlining processes, and safeguarding retirees’ rights.

The workshop also provided participants with insights into PTAD’s operational departments and the strategic initiatives in place to improve service delivery.

Odunaiya expressed optimism that the Directorate’s ongoing reforms would significantly impact retirees’ quality of life, while also fostering trust and accountability within Nigeria’s pension system.

He urged all stakeholders to remain engaged and supportive as PTAD implements policies that prioritize the financial security of pensioners.

The workshop concluded with a call for collaboration, learning, and dialogue, reinforcing PTAD’s vision of a robust and reliable pension framework.

ENDS