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  The Federal Government has announced plans to commence increased payment of pension to retirees to reflect the new minimum wage. This follows the presidential approval for the implementation of the consequential adjustment to the pension benefits occasioned by the new minimum wage of 2019. The payment of the new pension to retirees will commence from May, Dr Chioma Ejikeme told reporters at a briefing on Friday in Abuja, the nation’s capital. Ejikeme is the Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD) – the Federal Government agency established in August 2013 in compliance with the provisions of Section 30 sub-section (2) (a) of the Pension Reform Act (PRA) of 2004 (amended in 2014).

Abuja federal capital territoryChioma ejikemeNigeria union of pensionersFederal governmentExecutive secretaryPension transitional arrangement directoratePension reform actNigeria unionPress conferenceConsequential adjustmentPension benefits arising fromNew minimum wagePress releaseDefined benefit schemeகூட்டாட்சியின் மூலதனம் பிரதேசம்நைஜீரியா தொழிற்சங்கம் ஆஃப் ஓய்வூதியம் பெறுவோர்