PTAD pension increment takes effect in September, with over 800,000 pensioners receiving a fixed ₦32,000 and percentage increases under the new scheme
PTAD pension increment has officially begun, with over 832,000 pensioners under the Defined Benefit Scheme (DBS) set to receive enhanced payments in the September 2025 payroll.
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The Pension Transitional Arrangement Directorate (PTAD) confirmed the development in a statement posted to its official X handle, revealing that the new package includes a fixed ₦32,000 payment and percentage increases of 10.66% and 12.95% for various eligible categories.
This announcement follows the August approval by President Bola Tinubu, who endorsed an emergency budgetary allocation aimed at overhauling pension welfare under the DBS.
The increases, PTAD explained, were made possible through the partial release of ₦820.188 billion from a total emergency funding of ₦845 billion, approved by the Federal Government and disbursed by the Ministry of Finance.
“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 statement noted.
The PTAD pension increment comes as part of a broader reform package which also includes:
- Harmonisation of pensions across DBS categories
- Enrolment into the National Health Insurance Scheme
- Settlement of previously unfunded liabilities
The DBS covers retirees who left service before the 2004 shift to the Contributory Pension Scheme, many of whom have long struggled with delayed payments, unharmonised entitlements, and lack of healthcare access.
PTAD expressed appreciation to President Tinubu and key stakeholders, including Minister of Finance Wale Edun, Minister of State for Finance Doris Uzoka-Anite, the Accountant-General of the Federation, and both houses of the National Assembly, for their collaborative efforts.
It also recognised the role of organised pension groups such as the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria for their “constructive engagement” throughout the negotiation process.
Looking ahead, PTAD promised to continue working with all relevant authorities to ensure full release of the remaining funds and timely implementation of all related reforms.
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For many pensioners, this development marks a long-awaited shift from uncertainty to **renewed financial stability.
Source: Read more at channelstv.com
