The Pension Transitional Arrangement Directorate (PTAD), says the protest scheduled for today at the Office of Secretary to the Government of the Federation, because of the delay in the in implementation of the consequential adjustment to the pension benefits occasioned by the recently approved minimum wage, should be shelved.
Appealing to the pensioners, PTAD said as the agency saddled with the responsibility of overseeing the payment of pension benefits, the justification for the protest was deflated after meeting with PTAD Executive Secretary, Dr. Chioma Ejikeme.
The statement by PTAD said the Directorate held a meeting with the national executive of the Union led by Dr. Abel Afolayan on 16th March, 2021, where the issue of the implementation of the pension adjustment was openly discussed and the Union gave their understanding.
“At the meeting, the ES told the Exco that the implementation is most likely to commence at the end of April 2021 going by the submission that had been made by all stakeholders,” PTAD release said.
However, PTAD admitted there “has been a little delay due to unforeseen circumstances but we believe the implementation can still start as early as May 2021.” The Directorate the senior citizens that they have noting to fear because of the demonstration of the President to the welfare of the pensioners.
“We know the pensioners have waited enough, although the issue of the Covid-19 played a significant role in the delay, we wish to encourage our senior citizens to trust that the consequential adjustment will be made without further delay,” the statement explained.