FG Implements Measures for Fraud-Free Pension System

FG Implements Measures for Fraud-Free Pension System

- in INSURANCE & PENSIONS
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The Director-General of the Pension Transitional Arrangement Directorate, Mrs. Nellie Mayshak, has said that the agency has put in place adequate measures to ensure that the pension system is free of fraud.

Mayshak, who made this known on Sunday while receiving a delegation of retired workers of the defunct Osogbo Steel Rolling Mills in Abuja, promised that the agency would continue to serve pensioners with deserved care and respect, noting that only genuine pensioners would be paid their entitlements.

The DG assured the delegation that the PTAD would look into the case of the deceased retirees of the company, with a view to paying their entitlements to the qualified beneficiaries.

The PTAD had shortly after its establishment carried out a mini verification of retired workers of the steel rolling mills in Jos, Katsina and Osogbo.

At the end of the exercise in July 2014, 1,401 workers of the moribund companies were placed on the payroll of the PTAD for monthly pension payments.

In December of the same year, part of the accumulated pension arrears was paid to the retirees.

The leader of the delegation, Mr. Gbenga Oguntona, told the director-general that before the PTAD came to their rescue last year, many of his colleagues had suffered severe deprivations with some dying of hunger and diseases as a result of the non-payment of their pension benefits.

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