President Bola Tinubu has approved key reforms to enhance the welfare of retirees under the Defined Benefit Scheme (DBS).
According to PTAD spokesperson Olugbenga Ajayi, the move includes the immediate enforcement of new pension rates through an extra-budgetary allocation and the adoption of a harmonised pension policy to be reflected in the 2026 budget.
The President also approved health insurance coverage for all DBS pensioners, ensuring access to essential healthcare. PTAD had earlier settled arrears from a 20–28% pension increment that took effect in January 2024.
