PTAD Disburses N3.9bn Arrears to 91,146 Pensioners

Oru Leonard 

The Pension Transitional Arrangement Directorate (PTAD), has completed payment of N3.9 billion arrears to 91,146 eligible pensioners under the Defined Benefit Scheme (DBS). The payment is part of the N32,000 increment approved by President Bola Ahmed Tinubu.

Breakdown of payment is as follows:

– N1.9 billion to 59,865 pensioners under Parastatals Pension Department
– N830 million to 12,976 pensioners under Civil Service Pension Department
– N620 million to 9,689 pensioners under Police Pension Department
– N551 million to 8,616 pensioners under Customs, Immigration, and Prisons Pension Department

PTAD’s Executive Secretary, Tolulope A. Odunaiya, reaffirmed the Federal Government’s commitment to settling outstanding arrears and improving pensioners’ welfare.