The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD) ,Ms Tolulope Odunaiya has restated the Directorate’s commitment to implementing the recently approved N32,000 pension increment for pensioners under the Defined Benefit Scheme (DBS) once budgetary provisions are released for the year, 2025.
This was made public by Olugbenga Ajayi, Head, Corporate Communications of PTAD in a statement.
According to the statement, Tolulope 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.
The Executive Secretary further explained that PTAD had paid 4 months arrears (August–November 2024) to Civil Service Pension Department (CSPD) pensioners and 5 months arrears (August–December 2024) to pensioners of Customs Immigration and Prison Pension Department (CIPPD), Police Pension Department (PPD), and the university sector of Parastatals Pension Department (PaPD) through strategic funds management.
She explained that the Directorate, through this strategic funds management initiative, had earlier defrayed in full the 20% and 28% pension increment arrears to all pensioners, and promised that PTAD will continue to prioritize pensioners’ needs at all time.
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