Pension Transitional Arrangement Directorate (PTAD) Settles Third Batch of 162 Next of Kin (NoK) of Defunct/Privatised Agencies. – PensionNigeria

Pension Transitional Arrangement Directorate (PTAD) Settles Third Batch of 162 Next of Kin (NoK) of Defunct/Privatised Agencies.

The Pension Transitional Arrangement Directorate (PTAD), has settled the third batch of eligible Next-Of-Kin (NoK) of deceased Parastatals Pensioners who died after service.
 
A total of N502,807,609.11 (Five Hundred and Two Million, Eight Hundred and Seven Thousand, Six Hundred and Nine naira Eleven Kobo) has been paid to One Hundred and Sixty Two (162) eligible NoK of NITEL/MTEL, Delta Steel Company Limited (DSC), Nigerian Reinsurance Corp. Plc and NICON Insurance Plc as final and full payment to the beneficiaries.
 
The Executive Secretary has assured that the reconciliation process for the remaining eligible NoK is still ongoing and more batches will be computed for payment and paid as funds are allocated and released by the Federal Government.
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