BREAKING: Buhari Approves Minimum Wage For Pensioners

File Photo: President Muhammadu Buhari

President Muhammadu Buhari has approved the payment of new minimum wage to pensioners, EKO HOT BLOG has gathered.
Ejikeme stated that with the presidential approval, PTAD had been empowered to start the upward adjustment of all pensioners’ benefits according to the approved template.

President Muhammadu Buhari has approved the payment of new minimum wage to pensioners.

The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr Chioma Ejikeme, made the disclosure at a news conference in Abuja on Friday.

Ejikeme stated that with the presidential approval, PTAD had been empowered to start the upward adjustment of all pensioners’ benefits according to the approved template.

She added that the adjustment of the new pension payment would start from May 2021.

According to her, the payment of the arrears would cover the period of the implementation of the minimum wage, noting that “the arrears from April 2019 will be paid along with the pensioners’ monthly benefit starting from May 2021 payroll”.

Ejikeme further disclosed that on April 22, a statement was released to inform the public of the President’s sincerity to implement the consequential adjustment on the pension benefits through PTAD.

She said, “I emphasise that the Nigeria Union of Pensioners has no reason to go on protest because the matter has been finalised.

“True to that statement, we are here today to confirm that the consequential adjustment will be implemented from May 2021 payroll.

“As a responsible agency of government saddled with the responsibility of overseeing the payment of pension benefits to pensioners under the DBS and their welfare, we are encouraged to do more for our pensioners.

“And we will continue to strive to improve the quality of their lives.”

Ejikeme added that PTAD would not request the senior citizens to pay any gratification to anybody before they receive their money.

She, therefore, enjoined the pensioners not to give their account details to anybody, and to report any scammer to any of the security agencies or PTAD.