FG announces new date for commencement of new monthly pension

The federal government has shifted the date for its new monthly pension payment for pensioners in the parastatals under the Ministry of Power and Transportation.

Mr Gbenga Ajayi, Head of Corporate Communications at the Pension Transitional Arrangement Directorate (PTAD), disclosed this on Friday in a statement.

According to him, the July date earlier fixed for the commencement of the back-end computation project for pensioners has been adjusted to August 2023.

He explained that the change in the implementation date became necessary to resolve all the logistics challenges that had impaired production and other issues.

“The directorate has announced that the implementation of the new monthly pension derived from there will commence in the August payroll as against July earlier proposed,” he stated.

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