PTAD completes ₦1.73bn payment of ₦32,000 pension arrears to 54,206 beneficiaries

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ABUJA, Nigeria (NPA) — The Pension Transitional Arrangement Directorate (PTAD) has completed the payment of outstanding arrears arising from the ₦32,000 pension increment for retirees under the Defined Benefit Scheme (DBS).

In a statement issued on Monday, PTAD said a total of ₦1.73 billion was disbursed to 54,206 eligible pensioners, marking the full settlement of the one-month balance of the increment approved by the National Salaries, Incomes and Wages Commission (NSIWC).

The agency explained that the arrears covered a 13-month period from August 2024 to August 2025, noting that 12 months had earlier been paid in phases between December 2024 and December 2025.

A breakdown of the payments showed that 25,804 pensioners under the Parastatals Pension Department received ₦825.7 million, while 28,402 beneficiaries under the Tertiary Education and Health Pension Department were paid ₦908.8 million.

With the latest disbursement, PTAD said all obligations tied to the ₦32,000 pension increment have now been fully settled.

The Directorate, however, clarified that pensioners from agencies such as the defunct Peoples Bank, NICON Insurance, Nigerian Telecommunications Limited, and others who had already benefited from earlier pension increases of 10.6 per cent and 12.95 per cent are exempted from the increment, in line with NSIWC guidelines.

PTAD reaffirmed its commitment to transparency and timely pension administration, stating that the payments align with the Renewed Hope Agenda of President Bola Ahmed Tinubu.

The agency added that it will continue to prioritise the welfare and dignity of pensioners through improved service delivery.