The Pension Transitional Arrangements Directorate (PTAD) established by the PRA 2014 is responsible for the payment of pension and gratuity to employees of the FGN Treasury Funded MDAs who are exempted from the CPS (retired under the DB Scheme). The FGN would continue to provide the required finances to the PTAD for the payment of pension until the last pensioner under the DB Scheme is no more.
- 07. What happens to the pension of private sector employees who retired prior to the commencement of the CPS?
- 05. How will the accrued pension and gratuity of employees in the private sector be paid?