The Pension Transitional Arrangement Directorate (PTAD) says it has made the payment of the final one-month arrears of the N32,000 pension increment to eligible retirees under the Defined Benefit Scheme (DBS).
- +PTAD clears final arrears of N32,000 pension increment for DBS retirees
The disclosure was made in a statement issued on Monday by PTAD’s Head of Corporate Communications, Mr Olugbenga Ajayi.
The disclosure was made in a statement issued on Monday by PTAD’s Head of Corporate Communications, Mr Olugbenga Ajayi.
The payment marks the completion of all outstanding arrears tied to the pension increase introduced as part of efforts to improve retirees’ welfare.
PTAD confirmed that the latest disbursement concludes all payments relating to the N32,000 increment approved by the National Salaries, Incomes and Wages Commission, effective July 29, 2024.
Under the Parastatals Pension Department, 25,804 pensioners received N825,728,000.
Meanwhile, 28,402 pensioners under the Tertiary Education and Health Pension Department were paid N908,864,000.
The payments covered a 13-month arrears period from August 2024 to August 2025.
PTAD had earlier begun implementing the pension increment following funding support from the Federal Government.
The funding formed part of a broader N45 billion emergency allocation approved for pension reforms.
The arrears were paid in phases between December 2024 and December 2025 before the final settlement.
PTAD clarified that not all pensioners were eligible for the N32,000 flat increase due to existing adjustments.
The agency reaffirmed its commitment to timely and transparent pension payments.
Ajayi added that PTAD remains focused on ensuring improved welfare for pensioners through consistent reforms and accurate disbursement processes.
The pension increment is part of a broader reform agenda approved by President Bola Tinubu to enhance the welfare of retirees.
These measures underscore ongoing efforts to strengthen the pension system and improve living conditions for senior citizens.
