The Pension Transitional Arrangement Directorate (PTAD) says it has commenced the implementation of new pension increments for retirees under the Defined Benefit Scheme (DBS).
The increments of ₦32,000, 10.66 per cent and 12.95 per cent will take effect from the September 2025 payroll cycle.
PTAD explained that the adjustment followed President Bola Tinubu’s approval of an emergency budgetary allocation, earlier announced in August 2025.
The Directorate also confirmed that ₦20.188 billion had so far been released by the Federal Ministry of Finance from the ₦45 billion approved for the exercise.
PTAD assured retirees of its continued commitment to fulfilling all pension obligations, including the recently approved increments.
The Directorate, in a statement, commended the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN) for their cooperation, constructive dialogue and perseverance, which it described as instrumental in securing the release of funds.
It also pledged to sustain collaboration with relevant authorities to ensure the release of the outstanding balance of the approved funds.
“We further assure all our DBS pensioners and stakeholders that the Directorate will continue to collaborate towards the release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” PTAD said.
