Tag: #Retirees
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PTAD: PENSION HARMONISATION TO BOOST EQUITY, IMPROVE RETIREES’ WELFARE
The Pension Transitional Arrangement Directorate (PTAD) says the ongoing harmonisation of pensions under the Defined Benefit Scheme (DBS) will promote fairness, improve retirees’ welfare and strengthen confidence in the administration of legacy pensions across the country. PTAD Executive Secretary, Tolulope Odunaiya, said the reform, approved under President Bola Tinubu’s Renewed Hope Agenda, is one of…
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GRATUITY BOOST: FG’S 100% PAYOUT GAINS PRAISE FROM RETIREES, CIVIL SERVANTS
Retirees and civil servants are cheering President Bola Tinubu’s approval of 100% gratuity payments for retiring federal workers, calling it a long-overdue recognition of their service. The Federal Executive Council’s Exit Benefit Scheme guarantees retirees a gratuity equal to their full annual salary, effective from January. Many see it as a morale booster and a…
