• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Entertainment Events

PTAD pension increment begins with N32,000 boost

Over 800,000 pensioners to benefit from new increases

David Okere by David Okere
September 30, 2025
in Events, News
0
PTAD pension increment

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.

Also read: Tinubu to inaugurate National Arts Theatre in Lagos on National Independence Day

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.

Also read: FAAN launches Go Cashless policy to triple revenue

For many pensioners, this development marks a long-awaited shift from uncertainty to **renewed financial stability.

Source: Read more at channelstv.com

David Okere
David Okere

Related Posts

Seyi Tinubu NANS allegations
News

NANS faction accuses Seyi Tinubu of abuse, president son reacts

by Peculiar Adirika
May 2, 2025
WhatsApp Image 2021 02 02 at 10.16.35 AM
Scandal

‘DNA commotion’ Justice Okorodas discovers three of his kids are not his

by Freelanews
February 2, 2021
Miriam Olusanya scaled
Crime

‘Fishy’ Miriam Olusanya-led bank stole my money because I’m illiterate, bricklayer claims (Photos)

by Freelanews
April 28, 2022
vio
Crime

Four VIO officers arrested over driver’s death in Delta

by Freelanews
December 11, 2019
Barack Obama
News

Barack Obama slams Trump over autism claims

by Quadri Olaitan
September 25, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
Nestoil

Nestoil placed under receivership over $1bn debt

October 28, 2025
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
APC Second-Term Governors

APC: Second-term governors seeking immediate elective post to lose party leadership

October 15, 2025
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
Nestoil

Nestoil placed under receivership over $1bn debt

October 28, 2025
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
October 2025
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Hot!

Expert businessman giving interview at a conference, surrounded by journalists with microphones, showcasing leadership and communication skills in the professional event.

Adebayo Adelabu unveils N700bn metering plan

October 28, 2025
Kwara Cancer

Kwara cancer screening boosts early detection drive

October 28, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.