PTAD Begins Payment of New DBS Pension Increments After ₦20.188B Partial Release

The Pension Transitional Arrangement Directorate (PTAD) has officially commenced the payment of new pension increments for eligible Defined Benefit Scheme (DBS) pensioners, following the partial release of ₦20.188 billion from the ₦45 billion emergency funding approved by the Federal Government.

Under the September 2025 payroll cycle, pensioners will now receive increments of ₦32,000, 10.66%, and 12.95%, marking a significant milestone in improving retirees’ welfare. The rollout is part of the President’s emergency budget allocation, approved to ensure timely and enhanced pension disbursements for DBS retirees.

In a statement, PTAD Management expressed profound gratitude to President Asiwaju Bola Ahmed Tinubu, GCFR, for authorizing the emergency funding and championing reforms that strengthen pension administration. The Directorate also acknowledged the support of key stakeholders, including the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite; the Chief of Staff to the President, Hon. Femi Gbajabiamila; the Special Adviser to the President on Revenue, Dr. Zacch A. Adedeji; the Accountant-General of the Federation, Mr. Shamseldeen B. Ogunjimi; and the Senate and House Committees on Pensions, whose coordinated efforts made the release and implementation possible.

PTAD further commended the leadership of the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN) for their collaboration, patience, and constructive engagement throughout the process.

The Directorate assured all DBS pensioners and stakeholders that efforts will continue to secure the release of the remaining approved funds and to fulfill future obligations arising from these landmark increments and pension reforms.

PTAD begins ₦32,000, 10.66% & 12.95% pension increments for DBS retirees following partial release of ₦20.188B from ₦45B emergency funding, reaffirming government commitment to pensioners’ welfare.