What does NOTAD mean in PENSION

The Nigeria’s Pension Transitional Arrangement Directorate (PTAD) is a statutory body established to reform and manage the Nigerian public service pension system. It exists as an independent agency of the Federal Government with its headquarters in Abuja, Nigeria. PTAD was established in February 2013 under the auspices of the Office of the Head of Civil Service of the Federation.

PTAD provides full, effective and efficient management services for all retirees of public service pensions including those from defunct agencies and parastatals. It also administers payroll deductions, ensuring that contributions are made into Retirement Savings Accounts (RSAs) and transfers amounts due to retirees on a timely basis. Other services provided by PTAD include facilitating lapse free pension payments, managing transmission requests, providing prompt and complete customer service responses, as well as planning and delivering pension management training for stakeholders.

Retirees become eligible to receive benefits under a retirement plan upon completion of their period of employment with the Federal Government or any other related organization such as pensions providers contracted by the Federal Government. Eligibility criteria may vary based on type of organization or employer. Generally, persons who have served in any capacity for at least five years are considered eligible for payment of benefits or lump sum payments payable upon retirement.

To be able to access PTAD’s benefits you first need to register with them at any designated registration centre around your locality or online via their website www.ptad.gov .ng . A completed bio-data form must be submitted alongside two recent passport photographs and other documents required such as identity cards, birth certificate etc., where applicable in order to facilitate smooth registration processes by relevant authorities within Constitutionally mandated timelines.

During registration process at a designated centre or online via PTAD’s website, individuals will need to submit two recent passport photographs alongside a completed bio-data form along with valid Identity cards (where applicable), birth certificate(s) etc.. All these necessary documents would have serve as proof that retiree has met all constitutional eligibility requirements for receiving PTAD penned benefits.

Although it is not mandatory to hire an external adviser before registering at one of PTAD’s designated centre or online, yet it can be beneficial if retired personnel seek professional advice on available options before proceeding with registration process so they can make informed decisions about how best to utilize their pension benefit in way that yields most value over time.

Upon successful completion of registration process an identification number will be assigned each individual which he/she must use whenever accessing any information or making inquiries regarding their pensions/benefits from then onward until retirement life cycle has been completed.

Yes; Senior citizens over 60 years old should contact concerned officials directly either through telephone call/e-mail/visit depending on location where registrant resides prior registration process starts in order fulfill his/her eligibility criteria within constitutional mandates.