PTAD Defaults In Payment Of Pension To Retirees

Pensioners under the Pension Transitional Arrangement Directorate (PTAD) have yet to receive their February 2026 pension payments following a delay in the release of funds.

In a statement posted on its official X (formerly Twitter) handle, PTAD informed retirees that the funds required to process the February pensions had not been made available, assuring beneficiaries that payments would commence immediately the funds are released.

The directorate said: “Dear Esteemed PTAD Pensioner, kindly note that the pension funds for February 2026 are yet to be released.”

The development means that thousands of retirees under the defined benefit scheme administered by PTAD are still awaiting their monthly entitlements several days into March.

While acknowledging the delay, the agency sought to reassure pensioners that arrangements had already been concluded to ensure that payments are processed quickly once the funds become available.
According to the statement, “all necessary arrangements have been put in place to ensure prompt processing of payments immediately the funds are made available.”

PTAD also clarified that the final remittance of pension payments to beneficiaries’ bank accounts is handled by the Central Bank of Nigeria (CBN), stressing that the directorate does not directly control that stage of the payment process.

It explained: “Please be reminded that pension payments are remitted by the Central Bank of Nigeria (CBN) directly into individual pensioners’ bank accounts, a process over which PTAD has no direct control.”

The agency appealed for patience from retirees, many of whom depend largely on their monthly pensions to meet basic living expenses.

The Pension Transitional Arrangement Directorate is responsible for the administration of pensions under the Defined Benefit Scheme (DBS) for federal government retirees who were not migrated to the contributory pension scheme.

The scheme covers pensioners from the civil service, police, customs, immigration, prisons and other government agencies that operated under the old pension arrangement before the 2004 pension reform.

Delays in pension payments have historically been a sensitive issue among retirees, many of whom rely solely on their monthly stipends for survival. Pensioners’ groups have often urged authorities to ensure the timely release of funds to avoid hardship among elderly beneficiaries.