The Pension Transitional Arrangement Directorate (PTAD) has pledged to pay one-off outstanding entitlement to verified ex-workers of Nigerian Aviation Handling Company (NAHCO).
The PTAD Executive Secretary, Dr Chioma Ejikeme, disclosed this in a statement issued on Thursday in Abuja by the Head of Corporate Communication, Mr Olugbenga Ajayi.
Ejikeme said the directorate carried out physical verification and biometric capture exercise for eligible ex-workers and Next-of-Kin (NOK) of deceased ex-workers.
She said the verification was done during the directorate’s nationwide parastatal pensioners verification exercise conducted in 2019.
“The collected data were subjected to rigorous due process, culminating in the computation and auditing of the entitlements of the verified ex-workers and NOKs.”
Ejikeme said the directorate was prepared to make payment of the first batch of eligible pensioners and NOKs.
“The payment to be made is in respect of any outstanding terminal benefit that may exist as at the effective date of NAHCO privatisation when the Federal Government of Nigeria entire equity holding in the company was disposed of.
“The payment will be made in batches subject to availability of funds, the effective date of the privatisation of NAHCO was Aug. 31, 2005.
“All ex-workers who exited the company prior to privatisation had been fully settled by the company and do not have any outstanding terminal benefits.
“The federal government is not responsible for the period served beyond the effective date of NAHCO privatisation and thus ex-workers and NOKs in this category are not under the purview of PTAD,” Ejikeme said.
She also said that the ex-workers engaged after the effective date of privatisation do not qualify for any entitlement under this arrangement.
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