PTAD Pledges Implementation Of N32,000 Pension Increment

The executive secretary, Pension Transitional Arrangement Directorate (PTAD), Tolulope Odunaiya has stated her commitment to implementation of the recently approved N32,000 pension increment for pensioners under the Defined Benefit Scheme (DBS) once budgetary provisions are released for the year, 2025.

Odunaiya said the January 2025 pension payments did not include the N32,000 increment because the budgetary provisions have not been released, according to a statement that was issued by the agency’s spokesman Olugbenga Ajayi.

The executive secretary assured that PTAD is working assiduously with relevant agencies of government to ensure the increment is fully implemented and arrears paid as soon as possible.

She explained that PTAD had paid four months arrears (August–November 2024) to civil service pension department pensioners and five months arrears (August–December 2024) to pensioners of Customs, Immigration and Prison pension department.

According to the directorate, the Police pension department and the university sector of parastatals pension department also benefited through strategic funds management.

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Odunaiya explained that the directorate, through its strategic funds management initiative, had earlier defrayed in full the 20 per cent and 28 per cent pension increment arrears to all pensioners, and promised that PTAD will continue to prioritise pensioners’ needs at all time.