The Military Pensions Board (MPB) has begun payment of the third tranche of the Security Debarment Allowance (SDA) to eligible military retirees/Next of Kins (NOKs) of deceased military personnel.
A statement by the Chairmen of the board, Rear Admiral SA LAWA, on Tuesday, said the payment of the third tranche represents the third quarterly payment of the SDA for the year 2023.
Beneficiaries for the third tranche, according to the statement, are Military Pensioners who are Active on the Board’s Data Base as of 9 Nov 2017; NOKs of Deceased Military Pensioners on the MPB Database who were alive as of 9 Nov 2017; and Non-pensionable but Active Military Retirees who retired before 9 November 2017.
The statement reads: “Payment of the SDA to the group of pensioners/retirees is to give effect to the Presidential approval for extension of the payment of the SDA to military pensioners/retirees who exited the services before 9 November 2017, but were originally excluded from the implementation of the provisions of the reviewed Manual of Financial Administration (MAFA) 2017 as it relates to the SDA.”
“Gleaning from the foregoing, our esteemed retirees are pleased to note that the SDA is calculated as a function of 10% of the retiree’s annual basic salary as at the time of retirement multiplied by the number of years served in the services.
“All concerned military pensioners/retirees and NOKs of deceased military pensioners are therefore advised to contact their banks for their entitlements.”
The MPB assured military retirees/pensioners, NOKs of deceased military personnel and Nigerians that the board remains resolute in ensuring prompt payment of the remaining tranches of the SDA subject to the release of funds by the Federal Ministry of Finance.
