WEEK AHEAD: Pensioners finally reap the fruit of their labour

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The new week/new month would be accompanied with glad tidings for pensioners as the Pension Transitional Arrangement Directorate (PTAD) has announced that the consequential adjustment of the new pension payment will commence from May 2021 payroll with the arrears taking effect from April 2019. This follows the Presidential approval for the implementation of the consequential adjustment to the pension benefits occasioned by the 2019 new minimum wage. It can be recalled that on April 22, 2021, the Executive Secretary of PTAD, issued a press statement to inform the general public of the sincerity…

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