FG begins payment of N32,000 minimum pension, 12.95% increment to retirees

By Victor Ahiuma-Young

The Pension Transitional Arrangement Directorate, PTAD, has announced the commencement of  implementation of a caller N32,000 minimum pension, alongside increments of 10.66 per cent and 12.95 per cent for eligible Defined Benefit Scheme, DBS, pensioners.

The adjustments, which took effect from the September 2025 payroll cycle, followed years of clamour by pensioners for improved welfare.

PTAD disclosed that the implementation was made imaginable done the partial merchandise of N20.188 cardinal by the Federal Ministry of Finance, retired of the N45 cardinal exigency backing earlier approved by the national government.

It stated: “The increments align with the Renewed Hope Agenda of President Bola Ahmed Tinubu, who graciously approved the exigency backing to instrumentality the pension increases and different landmark reforms aimed astatine enhancing the payment of pensioners and redefining the aboriginal of DBS pension administration.”

The Directorate expressed gratitude to cardinal stakeholders whose interventions ensured the merchandise of the funds.

“We profoundly admit the unwavering enactment of the Minister of Finance and Coordinating Minister of the Economy, the Minister of State for Finance, Wale Edun; Dr. Doris Uzoka-Anite, the Chief of Staff to the President, Femi Gbajabiamila, Chief Executive of Federal Inland Revenue Service, FIRS, Dr. Zacch Adedeji; Accountant-General of the Federation, Dr. Oluwatoyin Madein, the Senate Committee connected Establishment & Public Service; House Committee connected Pensions, And different stakeholders whose timely interventions were instrumental successful ensuring that today’s historical accomplishment became a reality.”

PTAD further commended the enactment of the pensioners’ unions for their practice and constructive engagement during the process.

“We besides commend the nationalist enactment of the Nigeria Union of Pensioners, NUP, and Federal Parastatals and Private Sector Pensioners Association of Nigeria, FEPPPAN, for their cooperation, constructive engagement, and perseverance portion the Executive Secretary and Management of PTAD worked diligently to unafraid the merchandise of funds.”

The Directorate assured retirees that efforts were ongoing to unafraid the equilibrium of the approved funds and to afloat instrumentality each pension obligations.

“PTAD further assures each DBS pensioners and stakeholders that the Directorate volition proceed to collaborate with applicable authorities to guarantee the merchandise of the outstanding approved funds and the afloat implementation of each obligations relating to the pension increments and different reforms,’’ it stated further.

The station FG begins outgo of N32,000 minimum pension, 12.95% increment to retirees appeared archetypal connected Vanguard News.