PTAD pledges to continue payment of N32,000 pension increment

The Pension Transitional Arrangement Directorate (PTAD) has pledged to continue implementing the approved N32,000 increment for pensioners under the Defined Benefit Scheme (DBS) once budgetary provisions are released for the year, 2025.
Executive Secretary, Tolulope Odunaiya who disclosed this in a statement on Monday said the January 2025 pension payments did not include the N32,000 increment because the budgetary provisions have not been released.
She however assured that PTAD is working assiduously with relevant agencies of government to ensure the increment is fully implemented and arrears paid as soon as possible.

ES further explained that PTAD had paid 4 months arrears from August to November 2024 to Civil Service Pension Department (CSPD) pensioners.
She added that 5 months arrears from August to December 2024 of Customs Immigration, Prison Pension Department (CIPPD), Police Pension Department (PPD), University sector of Parastatals Pension Department (PaPD) through strategic funds management.

Odunaiya revealed that the Directorate, through the strategic funds management initiative, had earlier defrayed in full the 20% and 28% pension increment arrears to all pensioners, and promised that it will continue to prioritize pensioners’ needs at all time.