The Pension Transitional Arrangement Directorate (PTAD) has reaffirmed its commitment to implementing the recently approved N32,000 pension increment for retirees under the Defined Benefit Scheme, pending the release of budgetary provisions for 2025.
Tolulope Odunaiya, Executive Secretary of PTAD, made the announcement in a statement released on Tuesday. She explained that while the January 2025 pension payments did not reflect the increment, the delay was due to the pending release of funds for the year.
However, Odunaiya assured that PTAD was working closely with relevant government agencies to facilitate the full implementation of the increment and ensure that any outstanding arrears are paid as soon as possible.
“The January 2025 pension payments did not include the N32,000 increment because the budgetary provisions have not been released. We are actively collaborating with the appropriate agencies to make sure the increment is fully implemented, and the arrears are settled promptly,” Odunaiya stated.
The statement, which was signed by Olugbenga Ajayi, PTAD’s Head of Corporate Communications, emphasized that the directorate remains focused on ensuring that pension payments are made on time.
In the meantime, Odunaiya highlighted that PTAD had already paid arrears for previous months to various pension departments.
Retirees under the Civil Service Pension Department received four months’ arrears (August–November 2024), while retirees from the Customs, Immigration and Prisons Pension Department, Police Pension Department, and the university sector of the Parastatals Pension Department received five months’ arrears (August–December 2024).
The Executive Secretary also noted that PTAD had successfully cleared outstanding arrears from earlier pension increments, including the 20% and 28% increases, ensuring that all affected pensioners had been fully paid.
Reaffirming the directorate’s dedication to retirees’ welfare, Odunaiya reassured pensioners that efforts are ongoing to secure the necessary funds for the N32,000 pension increment, with the aim of providing relief to retirees as soon as the budgetary provisions are available.