Director-General of the Pension Transitional Arrangement Directorate (PTAD), Nellie Mayshak, has lamented that those aversed to reforms in the pension industry, are trying to rubbish the Directorate.
Speaking during a stakeholders sensitisation workshop for parastatals, pension and universities, held yesterday in Abuja, the director-general said the detractors had changed tactics from calling for the outright scrapping of the directorate, to saying that it is too fast in its reforms.
She said the directorate would not slow down as pension is a matter of life and death, adding that the game was up for such detractors as massive fraud would not happen again.
Mayshak said the PTAD now pays pensions through the Office of the Accountant-General of the Federation through a technology- driven platform in which monthly payrolls are uploaded.
“Part of the problem with the old pension was that there was too much money flying here and there, unaccounted for,” she said.
Recently, the directorate revealed it uncovered 15,000 ghost pensioners and blocked N2.1 billion annual leakage from government treasury.
Nellie said a comprehensive data base, which is periodically cleaned up, is the basis for determining eligible pensioners.
She revealed that the PTAD is now consolidating the parastatals sector in order to clean up the system and find a way out of unfunded liabilities accumulated over the years due to mismanagement.