The Pension Transitional Arrangement Directorate (PTAD) has disbursed N13.87 billion in pension increment arrears to 18,822 pensioners under the Defined Benefit Scheme (DBS).
The payment covers arrears arising from the 13.8 per cent and 20.55 per cent pension increments approved for eligible retirees under the Federal Government’s pension transition arrangements.
PTAD disclosed this in a statement signed on Sunday by its Head of Corporate Communications, Olugbenga Ajayi.
According to the agency, N9.42 billion was paid to 7,391 pensioners of the defunct Power Holding Company of Nigeria (PHCN).
The payment covers 65 months of arrears arising from the 13.8 per cent pension increment, covering the period from June 1, 2021, to October 31, 2026.
PTAD also disbursed N4.46 billion to 11,431 DBS pensioners affected by the 20.55 per cent increment.
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The payment represents 22 months of arrears, covering January 1, 2025, to October 31, 2026.
Beneficiaries under the second payment include eligible pensioners from five defunct agencies: Peoples Bank of Nigeria, Assurance Bank, NICON Insurance, Nigerian Reinsurance Corporation and NITEL/MTEL.
The two pension increments were approved by the National Salaries, Incomes and Wages Commission (NSIWC) in a circular dated January 14, 2026.
PTAD said the latest disbursements reflected the Federal Government’s commitment to the welfare of retired workers who served the country.
It added that the payments formed part of efforts under President Bola Tinubu’s Renewed Hope Agenda to address outstanding pension obligations.
The agency reiterated the Federal Government’s commitment to ensuring that DBS pensioners receive their entitlements promptly and with dignity.
PTAD also commended President Tinubu for his attention to the welfare of DBS pensioners and efforts to resolve long-standing pension issues.
It said it would continue to improve pension administration and ensure timely payment of entitlements to retirees under the scheme.
