The Federal Government still owes over N90.1 billion pension inherited unfunded liabilities to redundant agencies and parastatals, the Pension Transitional Arrangement Directorate, PTAD, has said.

The Directorate disclosed this at the training workshop it organised for pension correspondents in Abuja.

Deputy Director of Parastatals, Pension Department, PaPD, of PTAD, Yusuf Umar, who disclosed this, said the outstanding revealed that the defunct Nigeria Telecommunications Nitel/Mtel had the largest with N73 billion unfunded liability, translating to 81 per cent.Umar said others were Delta Steel – N7. 9 billion, NICON Insurance – N4. 9 billion and New Nigeria Newspaper – N2. 9 billion, noting that “There are currently 92,373 pensioners drawn from 265 agencies under the PaPD.

According to him, the amount remained a concern for the Directorate, several engagements were ongoing to sort the funds and offset the liability, saying: “This has continued to be an issue for the Directorate, further discussions are ongoing with the government. So far, a lot of progress has been made in this direction.”

On her part, the Deputy Director of Pension Support Services Department, PSSD, Mrs Amina Abdullahi, speaking on the  I AM ALIVE CONFIRMATION, explained that the web-based solution is to confirm that pensioners are alive.According to her: “The initiative is a web-based solution to confirm the “aliveness” of verified pensioners on PTAD Monthly Pension Payroll so that they can continue to receive a monthly pension.

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