FG begins N32,000 pension increment payment

The Pension Transitional Arrangement Directorate (PTAD) has announced the commencement of payment of new pension increments for retirees under the Defined Benefit Scheme (DBS).

PTAD said that the move followed President Bola Tinubu’s approval of an emergency budgetary allocation, which was earlier announced in August 2025.

The increments include a fixed N32,000 payment, as well as percentage increases of 10.66 per cent and 12.95 per cent for eligible categories, affecting approximately 832,000 pensioners.

The new pension increments took effect from the September 2025 payroll cycle.

The Directorate confirmed that N20.188 billion had been released by the Federal Ministry of Finance from the approved 45 billion.

“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,” PTAD said in a statement signed by its Management and posted on its X.

PTAD said that the development reaffirmed the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS pensioners in line with the Renewed Hope Agenda.

PTAD assured retirees and stakeholders of continued collaboration with relevant authorities to release the outstanding balance and fulfill future obligations related to the pension increments and landmark reforms.

The Directorate expressed gratitude to President Bola Tinubu for approving the emergency allocation and acknowledged the support of key government officials.

It also acknowledged the support of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of State for Finance, Doris Uzoka-Anite; the Chief of Staff to the President, Femi Gbajabiamila; the Special Adviser to the President on Revenue, Zacch Adedeji; and the Accountant-General of the Federation, Shamseldeen Ogunjimi.

The Directorate said that its commitment and coordinated efforts ensured that pensioners would now begin to receive enhanced payments.

PTAD also commended the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN).

It noted that their “cooperation, understanding, constructive discussion, collaboration and perseverance” were crucial in securing the release of funds.

The Directorate assured retirees and stakeholders of continued collaboration with relevant authorities to release the outstanding balance.

“We further assure all our DBS pensioners and stakeholders that the Directorate will continue to collaborate towards the release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” PTAD said.