PTAD Begins N32,000 Minimum Pension Payment, Announces Up to 12.95% Increment for Retirees

The Pension Transitional Arrangement Directorate (PTAD) has announced the commencement of a new N32,000 minimum pension, alongside increments of 10.66% and 12.95% for qualified retirees under the Defined Benefit Scheme (DBS).

According to PTAD, the adjustments take effect from the September 2025 payroll cycle and mark a major step forward after years of demands by pensioners for better welfare.

The Directorate explained that the implementation was made possible through the partial release of N20.188 billion by the Federal Ministry of Finance, from the N45 billion emergency fund earlier approved by the Federal Government.

“In line with the Renewed Hope Agenda of President Bola Ahmed Tinubu, who graciously approved the emergency funding, these increments will enhance the welfare of pensioners and further redefine the future of DBS pension administration,” PTAD stated.

The Directorate expressed appreciation to critical stakeholders whose interventions led to the release of the funds. It specifically acknowledged the support of the Minister of Finance and Coordinating Minister of the Economy, the Minister of State for Finance, Dr. Doris Uzoka-Anite, the Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila, the Minister on Revenue, Dr. Zacch Adedeji, the Accountant-General of the Federation, Dr. Oluwatoyin Madein, as well as the Senate Committee on Establishment & Public Service and the House Committee on Pensions.

“We deeply appreciate their timely interventions which made today’s historic achievement possible,” the statement read.

PTAD also commended the cooperation of pensioners’ unions throughout the process, praising the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN) for their constructive engagement and patience.

The Directorate assured retirees that efforts were ongoing to secure the balance of the approved funds and to fulfill all pension obligations.

“PTAD further assures all DBS pensioners and stakeholders that the Directorate will continue to collaborate with relevant authorities to ensure the release of the outstanding approved funds and the full implementation of all obligations relating to the pension increments and other reforms,” it added.

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