The Pension Transitional Arrangement Directorate (PTAD) has commenced the payment of newly approved pension rises to retirees on the Defined Benefit Scheme (DBS).
In a Tuesday release, the Directorate ensured that N32,000, 10.66 percent, and 12.95 percent rises for eligible pensioners have already been processed in the September 2025 payroll cycle.
According to PTAD, the deployment follows the part release of N420.188 billion of the N45 billion emergency funding already approved by President Bola Ahmed Tinubu.
“This achievement comfortably highlights the Federal Government’s assurance towards ensuring the welfare and entitlements of DBS Pensioners under the Renewed Hope Agenda,” the Directorate said.
PTAD management expressed gratitude to President Tinubu for assenting to the intervention, which they maintained would greatly improve the welfare of retirees and reposition the DBS administration.
The Directorate was also aware of the leadership by high government officials like the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of State for Finance, Doris Uzoka-Anite; Chief of Staff to the President, Femi Gbajabiamila; Special Adviser to the President on Revenue, Zacch Adedeji; and Accountant-General of the Federation, Shamseldeen Ogunjimi.
It also valued the effort of the Senate Committee on Establishment and Public Service, the House Committee on Pensions, and the leadership of the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN).
PTAD promised retirees that it would continue to make efforts with the concerned authorities to ensure the release of outstanding funds and ensure that the new pension increases are sustainable.
