The Pension Transitional Arrangement Directorate, PTAD has pledged to implementing the recently approved N32,000 pension increment for pensioners under the Defined Benefit Scheme, DBS as soon as the budgetary provisions are released for the year, 2025.
Executive Secretary, PTAD, Tolulope Odunaiya, who disclosed this in a statement signed by the Head, Corporate Communications, Olugbenga Ajayi and made available to Channel Network Afrique, CNA indicated that the January 2025 pension payments did not include the N32,000 increment as the budgetary provisions have not been released.
The statement said PTAD is working assiduously with relevant agencies of government to ensure that the increment is fully implemented and the arrears paid as soon as possible.
According to the statement, PTAD had paid 4 months arrears (August–November 2024) to Civil Service Pension Department (CSPD) pensioners and 5 months arrears (August–December 2024) to pensioners of Customs Immigration and Prison Pension Department (CIPPD), Police Pension Department (PPD), and the university sector of Parastatals Pension Department (PaPD) through strategic funds management.
It added that, the Directorate, through its strategic funds management initiative, had earlier defrayed in full the 20% and 28% pension increment arrears to pensioners, and promised that PTAD will continue to prioritize pensioners’ needs at all time.
