The Pension Transitional Arrangement Directorate (PTAD) has disbursed N3.9 billion in arrears to 91,146 eligible pensioners under the Federal Government’s Defined Benefit Scheme (DBS), fulfilling the N32,000 pension increment approved by President Bola Ahmed Tinubu.
PTAD’s Head of Corporate Communications, Olugbenga Ajayi, confirmed the development in a statement on Thursday, noted that the payment covered pensioners across all four major departments under the scheme.
According to the breakdown, the Parastatals Pension Department accounted for the largest share, with N1.9 billion paid to 59,865 beneficiaries. Another N830 million was released to 12,976 pensioners under the Civil Service Pension Department, while N620 million went to 9,689 retirees in the Police Pension Department. Additionally, N551 million was disbursed to 8,616 pensioners under the Customs, Immigration, and Prisons Pension Department.
PTAD’s Executive Secretary, Tolulope A. Odunaiya, reaffirmed the Federal Government’s commitment to settling outstanding arrears and improving pensioners’ welfare. She said the disbursement aligns with President Tinubu’s Renewed Hope Agenda, which prioritises timely payment and enhanced care for senior citizens.
Odunaiya added that PTAD will continue to intensify efforts to ensure that all verified pensioners under the DBS receive their entitlements promptly and transparently.
