The Pension Transitional Arrangement Directorate (PTAD) has completed the payment of N3.9 billion arrears to 91,146 eligible pensioners under the Defined Benefit Scheme.
This was contained in a statement issued by the Head of Corporate Communications, Mr Olugbenga Ajayi, in Abuja on Friday.
He said the payment was part of the N32,000 increment approved by President Bola Tinubu.
‘Breakdown of the payments is: N1.9 billion to 59,865 pensioners under the Parastatals Pension Department; N830 million to 12,976 pensioners under the Civil Service Pension Department; and N620 million to 9,689 pensioners under the Police Pension Department.
‘Others are N551 million to 8,616 pensioners under the Nigeria Customs Service (NCS), the Nigeria Immigration Service (NIS) and the Prisons Pension Department’, Ajayi said.
The Executive Secretary of PTAD, Tolulope Odunaiya, reiterated the Federal Government’s commitment to settling all outstanding arrears and improving pensioners’ welfare under the Renewed Hope Agenda of the President.
It was earlier reported that PTAD announced that the implementation of the new pension increments for pensioners under the DBS will begin in the September 2025 payroll cycle.
PTAD said the increment package includes a fixed N32,000 payment alongside percentage increases of 10.66 per cent and 12.95 per cent for eligible categories, which will benefit about 832,000 pensioners under its management.
