The Pension Transitional Arrangement Directorate (PTAD) has announced the commencement of pension payment increments for retirees under the Defined Benefit Scheme (DBS).
According to PTAD, the new increments — ₦32,000, 10.66%, and 12.95%, depending on the retiree’s category — will take effect starting from the September 2025 payroll cycle.
This development follows President Bola Tinubu’s approval of an emergency budgetary allocation, as announced in August 2025.
PTAD revealed that ₦20.188 billion has so far been disbursed by the Federal Ministry of Finance from the ₦45 billion approved for the pension increment.
“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS pensioners in line with the Renewed Hope Agenda,” the statement posted on PTAD’s official X (formerly Twitter) account read.
The Directorate expressed its gratitude to President Tinubu for approving the emergency funds. It also appreciated key government officials for their roles in facilitating the release, including:
- Wale Edun, Minister of Finance and Coordinating Minister of the Economy
- Doris Uzoka-Anite, Minister of State for Finance
- Femi Gbajabiamila, Chief of Staff to the President
- Zacch Adedeji, Special Adviser to the President on Revenue
- Shamseldeen Ogunjimi, Accountant-General of the Federation
PTAD also praised the cooperation of the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN), citing their “constructive dialogue and perseverance” as critical to achieving this progress.
The agency reassured pensioners of its ongoing commitment to ensuring the full disbursement of the outstanding balance and the continued implementation of pension-related reforms.
“We assure all our DBS pensioners and stakeholders that PTAD will continue to work with relevant authorities to secure the release of the remaining approved funds and uphold all future obligations related to these pension increments,” the statement concluded.
