President Goodluck Jonathan has approved the establishment of a Pension Transition Arrangement Department (PTAD) and has also appointed Ms. Nellie Mayshak as the Director-General of the Department.
This new development in the administration of pension was disclosed in a circular signed by the Head of the Civil Service of the Federation, Alhaji Bukar Goni
In the circular, the Head of Service explained that the establishment of the new pension department is in line with Section 30, Sub Section (2a) of the Amended Pension Reform Act, 2004, and it will take over the management of three of the offices presently running the old pension scheme. These are the Civil Service Pension Department, the Police Pension Office and the Customs, Immigration and Prisons Pension Office (CIPPO).
Accordingly, the Director-General is expected to spearhead the smooth transition of the three offices into a single pension administration and management under the supervision of the National Pension Commission (PENCOM), which will directly report to the Office of the Coordinating Minister for the Economy and Minister of Finance for coordination and control.
Federal Republic Of Nigeria | nigeria.gov.ng