The Pension Transitional Arrangement Directorate (PTAD) has announced the completion of another round of pension arrears payments linked to the N32,000 wage increase approved by President Bola Tinubu in 2024.
In a statement, PTAD revealed that the latest disbursement amounts to N8.6 billion and benefits 148,625 pensioners under the Defined Benefit Scheme (DBS). The beneficiaries span across the civil service, police, parastatals, and the Customs, Immigration, and Correctional Services pension departments.
This payment forms part of the federal government’s ongoing efforts to clear outstanding arrears from the second pension increase approved in July 2024.
PTAD noted that it had earlier paid arrears arising from the initial 20/28% increment, also approved by the President, which took effect from January 2024.
A breakdown of the recent payments shows:
- N5.7 billion went to 59,342 pensioners under the Parastatals Pension Department.
- N2.3 billion was paid to 71,084 pensioners from the Civil Service Pension Department.
- N310 million was disbursed to 9,579 pensioners under the Police Pension Department.
- N276 million was allocated to 8,620 pensioners in the Customs, Immigration, and Correctional Services pension unit.
Executive Secretary of PTAD, Tolulope A. Odunaiya, reaffirmed the federal government’s dedication to fully settling the outstanding pension arrears. She also highlighted the administration’s continued commitment to enhancing pensioners’ welfare, in alignment with President Tinubu’s Renewed Hope Agenda.