The Pension Transitional Arrangement Directorate (PTAD) has commenced the implementation of new pension increments for retirees under the Defined Benefit Scheme (DBS), following the partial release of N20.188 billion by the Federal Government. The adjustment includes a flat rate of N32,000 and percentage increases of 10.66% and 12.95%, which will reflect in the September 2025…
President Bola Tinubu has directed the quick rollout of the free healthcare access initiative for low-income retirees under the Contributory Pension Scheme (CPS), describing it as a critical component of social protection and dignity in retirement. He also called for the prompt implementation of long-overdue pension increases and a minimum pension guarantee, which would provide…
The Federal Government of Nigeria, through the Pension Transitional Arrangement Directorate (PTAD), says it has completed the latest disbursement of N8.6 billion in pension arrears as part of the N32,000 increment approved by President Bola Tinubu in 2024. According to a statement released on Monday by PTAD’s Head of Corporate Communications, Olugbenga Ajayi, the funds…
Following a motion on the need to address the non-payment of pension increment and withholding of approved palliative by the Federal Government, the House of Representatives has called for the immediate implementation of all approved pension increments. The House further urged the Federal Ministry of Finance to release all withheld palliative measures and ensure timely…