The Pension Transitional Arrangement Directorate (PTAD) has disbursed ₦3.82 billion in accrued pension arrears to 30,356 pensioners under the Defined Benefit Scheme (DBS).
The Directorate disclosed that a total of ₦3,817,568,592.80 was paid to affected pensioners across the Parastatals Pension Department (PaPD), Defunct and Transferred Agencies Pension Department (DTAPD), and Tertiary, Education and Health Pension Department (TEHPD).
The payment represents arrears arising from the Back-End Computation (BEC) Review Exercise undertaken by PTAD to address complaints relating to pension computations and outstanding entitlements of DBS pensioners.
According to PTAD, the latest disbursement underscores its sustained commitment to settling verified outstanding pension obligations and improving the welfare of pensioners under its mandate.
Speaking on the development, PTAD Executive Secretary, Tolulope Odunaiya, appreciated the affected pensioners for their cooperation throughout the review process.
Odunaiya reaffirmed the Directorate’s commitment to ensuring the timely, transparent and accountable payment of verified pension entitlements.
She said the payment also reflects the commitment of the administration of President Bola Ahmed Tinubu to addressing pension-related challenges and strengthening pension administration under the Defined Benefit Scheme.
PTAD further assured DBS pensioners of continued engagement, prompt resolution of pension-related complaints and efficient, transparent and accountable administration of their pension entitlements.
