The Pension Transitional Arrangement Directorate (PTAD) has confirmed the implementation of newly approved pension increment rates for retirees under the Defined Benefit Pension Scheme (DBS).
The increments N32,000, 10.66%, and 12.95% will take effect from the September 2025 payroll cycle, following President Bola Ahmed Tinubu’s approval and the release of N20.188 billion from an emergency funding package earlier sanctioned by the Federal Government.
PTAD described the move as a demonstration of the administration’s commitment to improving the welfare of pensioners under the Renewed Hope Agenda.
In a statement, the Directorate expressed gratitude to President Tinubu for approving the allocation, as well as to top government officials and stakeholders who played key roles in the process. These included the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; the Minister of State for Finance, Dr. Doris Uzoka-Anite; the Chief of Staff to the President, Hon. Femi Gbajabiamila; the Special Adviser to the President on Revenue, Dr. Zacch Adedeji; the Accountant-General of the Federation, Mr. Shamseldeen Ogunjimi; and the National Assembly committees on Establishment, Public Service, and Pensions.
PTAD also acknowledged the support of pension unions such as the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN), noting their cooperation and patience during the funding process.
The Directorate assured pensioners that it would sustain engagement with relevant authorities to ensure full disbursement of all outstanding approved funds, while also reaffirming its commitment to delivering future pension reforms and obligations under the DBS.
