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Home Business & Finance

PTAD pays over ₦55bn monthly pension, arrears in December

Oluwaseun Sonde by Oluwaseun Sonde
2 months ago
in Business & Finance
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The Pension Transitional Arrangement Directorate (PTAD) has successfully disbursed a total sum of ₦55.9 billion as monthly pensions and pension arrears to eligible Pensioners and Next-of-Kins of deceased Pensioners under the Defined Benefits Scheme (DBS) in December, 2025.

In a statement released by the Corporation on Friday revealed that this payment covers ₦13,411,400,362.87 as monthly pensions across all operations pension departments, including Diaspora Pensioners, while ₦42,501,348,236.06 was paid as pension arrears.

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It stated further that the arrears payment covers outstanding obligations arising from the ₦32,000.00 pension increment, as well as 10.66% and 12.95% pension increments, in addition to other accrued pension arrears, gratuity, and death benefits owed to eligible beneficiaries.

The breakdown of the arrears payment across the pension departments is as follows: Police Pension Department (PPD): ₦5,881,592.00 paid to five Pensioners. Customs, Immigration and Prisons Pension Department (CIPPD): ₦604,332,733.96 paid to 8,606 Pensioners
Also, Civil Service Pension Department (CSPD): ₦16,362,359,730.91 paid to 71,643 Pensioners. Defunct and Transferred Agencies Department (DTAD): ₦15,066,055,536.83 paid to 24,995 Pensioners.

While Parastatals Pension Department (PaPD): ₦7,808,635,906.98 paid to 25,718 Pensioners. Tertiary Education and Health Department (TEHD): ₦2,370,854,790.39 paid to 28,245 Pensioners.
Gratuity and Death Benefits: ₦289,109,536.99 paid to eligible Next-of-Kin of deceased Pensioners. With these payments, arrears resulting from the ₦32,000.00 pension increment have been fully liquidated across all pension departments, except for one month each outstanding for pensioners in the PaPD and TEHD.

Speaking on this milestone payments, the Executive Secretary; Tolulope Odunaiya, stated that the payments reflect President Bola Ahmed Tinubu’s unwavering commitment to the welfare of senior citizens, in line with the Renewed Hope Agenda.

She further reaffirmed the Directorate’s commitment to clearing the remaining one (1) month arrears owed to PaPD and the TEHD, while continuing to implement initiatives aimed at improving the welfare and overall well-being of DBS Pensioners.

Tags: arrears in DecemberpensionPTADPTAD pays over ₦55bn monthly pension
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Oluwaseun Sonde

Oluwaseun Sonde

Managing Editor, Nigeria, a renowned journalist with multitask functionality, member of the Association of Corporate Online Editor (ACOE). Email: admin@mediabypassnews.com

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