Federal Government Begins To Pay N32,000 Increment To Retirees

The Pension Transitional Arrangement Directorate (PTAD) has announced the commencement of the implementation of the precocious approved pension increments for retirees nether the Defined Benefit Scheme (DBS).

In a connection issued connected Tuesday, the Directorate said the increments of N32,000, 10.66 per cent, and 12.95 per cent for eligible pensioners person been captured successful the September 2025 pension payroll cycle.

According to PTAD, the improvement followed the partial merchandise of N420.188 cardinal from the N45 cardinal exigency backing earlier approved by President Bola Tinubu.

“This milestone intelligibly reaffirms the Federal Government’s dedication to safeguarding the payment and entitlements of DBS Pensioners successful enactment with the Renewed Hope Agenda,” the Directorate said.

The absorption of PTAD expressed appreciation to President Tinubu for approving the exigency funding, which it said would heighten the payment of beneficiaries and reposition the Defined Benefit Scheme administration.

The Directorate besides commended the enactment of cardinal authorities officials, including the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; Minister of State for Finance, Dr. Doris Uzoka-Anite; Chief of Staff to the President, Hon. Femi Gbajabiamila; Special Adviser to the President connected Revenue, Dr. Zacch Adedeji; and the Accountant-General of the Federation, Mr. Shamseldeen Ogunjimi.

It further acknowledged the roles played by the Senate Committee connected Establishment and Public Service, the House Committee connected Pensions, and the enactment of the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN).

PTAD assured pensioners that it would proceed to enactment with applicable authorities to unafraid the merchandise of outstanding funds and guarantee the sustainability of the pension increments.