PTAD Pays N3.9bn Pension Arrears To Over 91,000 Retirees

The Pension Transitional Arrangement Directorate (PTAD) has successfully disbursed N3.9bn in pension arrears to 91,146 eligible retirees under the Federal Government’s Defined Benefit Scheme.

The disclosure was made in a statement issued on Friday by PTAD’s Head of Corporate Communications, Mr. Olugbenga Ajayi, who explained that the payment forms part of the N32,000 pension increment earlier approved by President Bola Tinubu.

Providing a breakdown of the disbursement, Ajayi said, “Breakdown of the payments is: N1.9bn to 59,865 pensioners under the Parastatals Pension Department; N830m to 12,976 pensioners under the Civil Service Pension Department; and N620m to 9,689 pensioners under the Police Pension Department. Others are N551m to 8,616 pensioners under the Nigeria Customs Service (NCS), the Nigeria Immigration Service and the Prisons Pension Department.”

PTAD’s Executive Secretary, Tolulope Odunaiya, reaffirmed the Federal Government’s dedication to clearing outstanding pension liabilities and enhancing the welfare of retirees in line with President Tinubu’s Renewed Hope Agenda.

Earlier, PTAD announced the start of the new pension increment for retirees under the DBS, scheduled to reflect in the September 2025 payroll cycle. The increment package includes a fixed N32,000 addition, along with percentage increases of 10.66% and 12.95% for qualifying categories benefiting an estimated 832,000 pensioners managed by PTAD.