The Pension Transitional Arrangement Directorate (PTAD) has commenced implementation of new pension increments for retirees under the Defined Benefit Scheme (DBS), with the adjustments set to reflect in the September 2025 payroll.
In a statement released by their media aide, PTAD confirmed that the package includes a flat payment of ₦32,000, alongside percentage increases of 10.66% and 12.95% for eligible categories. About 832,000 pensioners are expected to benefit from the scheme.
The increment follows President Bola Tinubu’s approval in August of a comprehensive welfare package for DBS retirees. The approval came after a request from PTAD’s Executive Secretary, Tolulope Odunaiya, who sought emergency funding to implement the reforms.
The Federal Ministry of Finance has so far released ₦820.188 billion out of an approved ₦845 billion intervention fund, enabling the directorate to begin immediate payments.
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According to PTAD, the measures also cover pension harmonisation across all DBS pensioners, inclusion in the National Health Insurance Scheme, settlement of long-standing arrears, and benefits for retirees of defunct and privatised agencies.
The directorate expressed gratitude to President Tinubu, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, his counterpart Dr. Doris Uzoka-Anite, the Accountant-General of the Federation, and the National Assembly committees for their support. It also acknowledged the cooperation of pension unions, including the Nigeria Union of Pensioners.
The DBS applies to retirees who left service before the 2004 launch of the Contributory Pension Scheme.
