PTAD to commence pension adjustment payment next week

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The Transitional Arrangement Directorate (PTAD) will commence the implementation the consequential adjustment as approved by Muhammadu next week, The has learnt.

Consequently, pensioners under the Defined Benefit Scheme (DBS) will get increase their monthly payment and arrears.

However, as the commencement the payment draws near, fraudsters are said be on the prowl, seeking bribes help pensioners secure pension increase, arrears, among others.

Reacting the , PTAD spokesman, Olugbenga Ajayi, a telephone conversation with The , affirmed that the Directorate had received and complaints from pensioners about the scammers demanding bribes.

He stated that the Executive Secretary, PTAD, Dr. Ejikeme, had warned pensioners be wary scammers who may want to defraud them under the pretense securing their benefits.

He, however, assured that pensioners under the DBS would have every cause to be happier by the end of this month.

He said: “Two good things will happen to pensioners this month. Their arrears on consequential adjustment will be paid and they will be placed on monthly benefit.

“But we have noticed that as we are preparing to implement the consequential increment, tricks from the scammers have also increased on the pensioners.

“The Directorate is urging pensioners to succumb to the demand of scammers. They must be misled by the fraudsters who normally call pensioners to request for processing fees or cash to fast track payment of their outstanding entitlements.

“PTAD will never request cash from any pensioner to process their pension, so don’t give money to anybody. PTAD does take money from anybody, to put you on the pay roll, to pay your arrears or for doing anything.

“PTAD does take a kobo from any pensioners. So, you must be careful to fall prey to these scammers.”