The Pension Transitional Arrangement Directorate (PTAD) has confirmed the completion of all outstanding arrears arising from the ₦32,000 pension increment approved for Defined Benefit Scheme (DBS) pensioners, with a total disbursement of ₦1.73 billion. The latest payment, effected on Monday, settles the final one-month arrears owed to 54,206 eligible pensioners nationwide.
In a statement, PTAD’s Head of Corporate Communications, Mr. Olugbenga Ajayi, said the disbursement marks the full settlement of the 13-month arrears linked to the increment approved by the National Salaries, Incomes and Wages Commission (NSIWC), which took effect on 29 July 2024. He noted that the development brings closure to all outstanding obligations under the approved increase.
Ajayi explained that, under the Parastatals Pension Department, 25,804 pensioners received a combined total of ₦825.7 million, completing payment of their 13 months’ arrears. Similarly, 28,402 pensioners under the Tertiary Education and Health Pension Department were paid ₦908.8 million, covering the full period due.
He stated that the arrears covered 13 months, from August 2024 to August 2025, adding that PTAD had previously settled 12 months of the arrears in phased payments between December 2024 and December 2025.
“With this final payment, all outstanding obligations of the ₦32,000 pension increment have been fully settled,” Ajayi said.
The PTAD spokesperson further disclosed that certain DBS pensioners had already benefited from separate pension increases of 10.66 per cent and 12.95 per cent, rendering them ineligible for the ₦32,000 increment.
He identified the affected organisations as Peoples Bank, Assurance Bank, Nigeria Reinsurance, NICON Insurance, NITEL/MTEL, the Petroleum Training Institute (PTI), and the Power Holding Company of Nigeria (PHCN).
“These pensioners are exempted from the ₦32,000 increment, in line with the NSIWC circular dated 27 September 2024,” Ajayi added.
He reaffirmed that the directorate remains committed to enhancing pensioners’ welfare through transparent, accurate, and timely payments, in alignment with the Federal Government’s Renewed Hope Agenda.
