PTAD pledges commitment to implementing 32,000 pension increment

The Pension Transitional Arrangement Directorate (PTAD) has reaffirmed its commitment to the full implementation of the N32,000 pension increment for retirees under the Defined Benefit Scheme (DBS).

The Executive Secretary of PTAD, Tolulope Odunaiya, assured pensioners that the Directorate is actively working with relevant government agencies to ensure that once budgetary provisions for 2025 are released, payments, including arrears will be paid. She gave three assurance on Monday in Abuja.

Odunaiya further explained that the January 2025 pension payments did not yet reflect the increment because the necessary budgetary approvals were still pending. However, she reassured retirees that PTAD remains dedicated to their welfare, emphasizing that “the Directorate is working assiduously to ensure the increment is fully implemented and arrears paid as soon as possible.”

Despite the delay in the new increment, PTAD has already made significant payments to pensioners through strategic funds management. According to Odunaiya, the Directorate has successfully disbursed four months of arrears (August–November 2024) to pensioners under the Civil Service Pension Department (CSPD). Similarly, five months of arrears (August–December 2024) have been paid to retirees from the Customs, Immigration, and Prisons Pension Department (CIPPD), Police Pension Department (PPD), and the university sector of the Parastatals Pension Department (PaPD).

PTAD has also previously cleared arrears from past pension increments, settling both the 20% and 28% pension increases in full. The agency reaffirmed its dedication to retirees, pledging to prioritize their needs at all times.

Contained in a statement signed by Olugbenga Ajayi, Head of Corporate Communications at PTAD, the Directorate assured pensioners that their welfare remains a top priority.

“We will continue to ensure that pensioners receive what is due to them in a timely manner and will leave no stone unturned in fulfilling our mandate,” the statement added.