BPE to collaborate with the Pension Transitional Arrangement Directorate

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By ALEX E. OKOH
Director General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki, has pledged to collaborate with the Pension Transitional Arrangement Directorate (PTAD) for seamless execution of its mandate for the benefit of pensioners in the country.

The BPE boss noted that pensioners in the country had in the past suffered untold hardship which requires that PTAD that is set up to address pensioners’ problems must be supported by well-meaning individuals and corporate bodies.

Receiving the management team of PTAD, led by its Director General, Mrs.Nellie Mayshak, which paid a courtesy visit to the BPE helmsman in Abuja on Tuesday, August 4, 2015, Dikki assured that BPE would assist the Directorate by providing database on pensions paid to ex-workers of privatized companies in the country as well as assist with human resources where necessary.

The DG frowned at the past mismanagement of pension funds by managers in the private and public sectors resulting in people who had served their fatherland prompted the reforms of the Pension Sector that gave rise to the Pension Act being promulgated.

Earlier, the Director General of PTAD, Mrs. Nellie Mayshak, had said that funding pension liabilities in the private and public sectors posed a great challenge to her organization; hence the need to collaborate with the BPE on the way forward.

She revealed that insurance companies which were underwriters to pension funds in the country had in their custody N7billion which they were not willing to release but have instead mounted a campaign to discredit PTAD.

Mrs. Mayshak said the collaboration with BPE would go a long way as “BPE has become a role model and has excellent organizational practices”.

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