Abuja — The Pension Transitional Arrangement Directorate (PTAD) says it has started implementing a new N32,000 minimum pension and benefit increases of 10.66% and 12.95% for eligible Defined Benefit Scheme (DBS) retirees, effective with the September 2025 payroll.
PTAD said the rollout was enabled by the partial release of N20.188 billion from the Federal Ministry of Finance, drawn from the N45 billion emergency funding earlier approved by the Federal Government. The adjustments, the Directorate noted, answer years of agitation from pensioners for improved welfare.
According to PTAD, the increments align with President Bola Ahmed Tinubu’s “Renewed Hope” agenda, which includes pension reforms “aimed at enhancing the welfare of pensioners and redefining the future of DBS pension administration.”
The Directorate thanked key officials and institutions whose interventions facilitated the funding release, including the Minister of Finance and Coordinating Minister of the Economy; Minister of State for Finance, Wale Edun; the Chief of Staff to the President, Femi Gbajabiamila; FIRS Chairman, Dr. Zacch Adedeji; Accountant-General of the Federation, Dr. Oluwatoyin Madein; as well as the Senate Committee on Establishment & Public Service and the House Committee on Pensions.
PTAD also commended the Nigeria Union of Pensioners (NUP) and the Federal Parastatals and Private Sector Pensioners Association of Nigeria (FEPPPAN) for “cooperation, constructive engagement, and perseverance” during the process.
Assuring retirees of continuity, PTAD said efforts are underway to secure the balance of the approved funds and to fully implement all pension obligations tied to the new minimum and percentage increases. “The Directorate will continue to collaborate with relevant authorities to ensure the release of the outstanding approved funds and the full implementation of all obligations relating to the pension increments and other reforms,” it said.
