President Buhari approves payment of new minimum wage to pensioners.

President Buhari has approves payment of new minimum wage to pensioners.

President Muhammadu Buhari has approved the payment of new minimum wage to pensioners.
The Executive Secretary, Pension Transitional Arrangement Directorate, Dr Chioma Ejikeme, who confirmed this at a news conference in Abuja said that with the presidential approval, PTAD had been empowered to start the upward adjustment of all pensioners’ benefits according to the approved template.
According to Ejikeme the adjustment of the new pension payment would start from May 2021 adding that the payment of the arrears would cover the period of the implementation of the minimum wage.

“The arrears from April 2019 will be paid along with the pensioners’ monthly benefit starting from May 2021 payroll.”

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