Pensioners under CPS to get FG Conditional Cash Transfer (Palliative) – URGENT – See What You need to do to receive the Payment

Retirees rejoice as it is now certain that pensioners under the Contributory Pension Scheme (CPS) will also get the Federal Government palliative arising from the removal of petroleum subsidy.

Their counterparts under the Defined Benefit Scheme (DBS) had known that they will receive the payment since October 2023 when PTAD disclosed that pensioners under the Defined Benefit Scheme (DBS) are part of the priority groups to benefit from the approved N25,000 Conditional Cash Transfer (CCT). Nigeria Union of Pensioners (NUP) has also confirmed that retirees under PTAD will be the first to receive payment because PTAD had since provided the details of the retirees.

The Conditional Cash Transfer is part of the poverty alleviation plans of the Federal Government to support the economic livelihood of vulnerable groups across the country and the payment is being directly handled by the Ministry of Humanitarian Affairs and Poverty Alleviation.

What You need to do to receive the Payment

Because Pension Fund Administrators (PFA) are private organizations, they need to get the consent of retirees before they can release the names and bank details of retirees to the Ministry of Humanitarian Affairs and Poverty Alleviation, to enable the Ministry to credit the account of the retirees directly.

All retirees under the CPS are advised to contact their PFAs immediately and fill the consent form, retirees dont necessarily need to physically visit the branch of the PFAs to fill the consent forms, most PFAs have already sent SMS and emails to retirees with links on how to fill the consent form electronically. Retirees are advised to ensure they double check the sender of the sms and emails to be sure fraudsters are not using the opportunity to defraud pensioners, please contact your PFA directly if you require further clarification.

Please treat as URGENT because we have received feedback from some retirees that most PFAs are requesting that retirees need to fill the consent forms latest by Tuesday 19 December 2023, if you are reading this after this date, please contact your PFA to know if you can still be included.

Retirees under annuity are not left out because annuity companies are also required to send the details of retirees under annuity to the Ministry, retirees are advised to contact their annuity company for further clarifications.

PensionNigeria has received reports that the palliative is a payment of N25,000 Conditional Cash Transfer (CCT) for a minimum period of three (3) months to Nigeria retirees.

PensionNigeria is a private organization that educates and informs people about pension in Nigeria, we are not responsible for or involved in payment of pensions or palliatives, retirees are advised to contact their PFAs if they require further clarifications. Check HERE for names and contact details of all PFAs in Nigeria. 

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