PTAD Defends Pension Policy Amid Retiree Protests
PTAD defends its pension policy after protests by Assurance Bank retirees over the N32,000 increment, clarifying that a separate percentage-based review ap Read More: https://punchng.com/ptad-defends-pension-policy-despite-retirees-protest/
The Pension Transitional Arrangement Directorate (PTAD) has issued a defense of its current pension policy. This comes in response to protests from retirees of Assurance Bank. The retirees are specifically objecting to a N32,000 increment in their pensions. PTAD clarified that the N32,000 is an initial increment and that a separate, percentage-based review is also underway. The directorate aims to assure retirees that their concerns are being addressed through established review mechanisms. The policy aims to manage pension liabilities effectively while considering the welfare of retirees.
This situation reflects ongoing challenges in pension management and the financial well-being of retirees in Nigeria.
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