The federal government has pushed back the start date of its new monthly pension payment for pensioners in the Ministry of Power and Transportation’s parastatals.
Mr Gbenga Ajayi, Head of Corporate Communications at the Pension Transitional Arrangement Directorate (PTAD), announced this in a statement issued on Friday.
According to him, the previously set July date for the start of the back-end computation project for pensioners has been pushed back to August 2023.
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He explained that the change in the implementation date became necessary to resolve all the logistics challenges that had impaired production and other issues.
“The directorate has announced that the implementation of the new monthly pension derived from there will commence in the August payroll as against July earlier proposed,” he stated.
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