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 recently approved pension increments for retirees under the Defined Benefit Scheme (DBS).

In a statement issued on Tuesday, the Directorate said the increments of N32,000, 10.66 per cent, and 12.95 per cent for eligible pensioners have been captured in the September 2025 pension payroll cycle.

According to PTAD, the development followed the partial release of N420.188 million from the N45 billion emergency funding earlier approved by President Bola Tinubu.

“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda,” the Directorate said.

The management of PTAD expressed appreciation to President Tinubu for approving the emergency funding, which it said would enhance the welfare of beneficiaries and reposition the Defined Benefit Scheme administration.

The Directorate also commended the support of key government 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 on Revenue, Dr. Zacch Adedeji; and the Accountant-General of the Federation, Mr. Shamseldeen Ogunjimi.

It further acknowledged the roles played by the Senate Committee on Establishment and Public Service, the House Committee on Pensions, and the leadership 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 continue to work with relevant authorities to secure the release of outstanding funds and ensure the sustainability of the pension increments.