FG commences payment of new pension package – PTAD
The Pension Transitional Arrangement Directorate (PTAD) has commenced the implementation of newly approved pension increments for retirees under the Defined Benefit Scheme (DBS), with the adjustments taking effect from the September 2025 payroll.
In a statement signed by Management and posted on its X handle, PTAD said the package includes a fixed ₦32,000 increase and percentage adjustments of 10.66% and 12.95% for eligible categories, covering about 832,000 pensioners.
The development follows President Bola Tinubu’s approval of emergency welfare measures for pensioners in August, after a request from PTAD’s Executive Secretary, Tolulope Odunaiya, for special budgetary allocation.
According to PTAD, the partial release of ₦820.188 billion out of the ₦845 billion approved by the Federal Government has enabled the immediate rollout of the enhanced payments.
The statement read: “The Directorate is delighted to announce the commencement of the implementation of the ₦32,000, 10.66% and 12.95% pension increment for eligible pensioners under PTAD, in the September 2025 payroll cycle. This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare of DBS pensioners in line with the Renewed Hope Agenda”
The new measures also include pension harmonisation, enrolment of retirees into the National Health Insurance Scheme, and settlement of long-standing unfunded pension liabilities.
PTAD expressed appreciation to President Tinubu, Finance Minister, Wale Edun, Minister of State for Finance Doris Uzoka-Anite, the Accountant-General of the Federation, key presidential aides, parliamentary committees, and organised pension groups such as the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN), for their support during negotiations and planning.
The Directorate further assured pensioners of continued collaboration with relevant authorities to ensure the release of outstanding funds and fulfilment of all obligations under the reform package.
The DBS covers public service pensioners who retired before the Contributory Pension Scheme was introduced in 2004, including retirees from defunct institutions, privatised agencies, and treasury-funded parastatals.
