
FLASH: FG Begins Payment Of New N32,000 Pension Rate For DBS Retirees
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…