FG pays N13.87bn pension arrears to 18,822 retirees
AI Executive Briefing
Verified Synthesis~34s readThe payments followed the implementation of pension increases of 13.8 per cent and 20.55 per cent, with some retirees receiving arrears accumulated over five years. The Pension Transitional Arrangement Directorate (PTAD) has paid N13.87bn in outstanding pension increment arrears to 18,822 retirees under the Defined Benefit Scheme (DBS).
Context & Background
- ✦A breakdown of the payments showed that N9.42bn was paid to 7,391 pensioners of the defunct PHCN as arrears from a 13.8 per cent pension increase.
Key Figures & Named Entities
yesterday:This was disclosed in a statement issued yesterday by PTAD’s Head of Corporate Communications, Olugbenga Ajayi.2021:The payments covered 65 months, from June 1, 2021, to October 31, 2026.2025:The arrears covered the period from January 1, 2025, to October 31, 2026.
Outlook & Next Steps
Follow original publisher reporting for subsequent developments, official responses, and verified updates.
Key Takeaways
Verified Extract- The payments followed the implementation of pension increases of 13.8 per cent and 20.55 per cent, with some retirees receiving arrears accumulated over five years.
- The Pension Transitional Arrangement Directorate (PTAD) has paid N13.87bn in outstanding pension increment arrears to 18,822 retirees under the Defined Benefit Scheme (DBS).
- A breakdown of the payments showed that N9.42bn was paid to 7,391 pensioners of the defunct PHCN as arrears from a 13.8 per cent pension increase.
Key Facts:yesterday: This was disclosed in a statement issued yesterday by PTAD’s Head of Corporate Communications, Olugbenga Ajayi.2021: The payments covered 65 months, from June 1, 2021, to October 31, 2026.2025: The arrears covered the period from January 1, 2025, to October 31, 2026.2026: The statement said the two pension increases were approved by the National Salaries, Incomes and Wages Commission in a circular dated January 14, 2026.
Editorial Excerpt
The Pension Transitional Arrangement Directorate (PTAD) has paid N13.87bn in outstanding pension increment arrears to 18,822 retirees under the Defined Benefit...
Frequently Asked Questions About This Story
What is the key takeaway from this report?
The payments followed the implementation of pension increases of 13.8 per cent and 20.55 per cent, with some retirees receiving arrears accumulated over five years.
What additional context is highlighted in this report?
The Pension Transitional Arrangement Directorate (PTAD) has paid N13.87bn in outstanding pension increment arrears to 18,822 retirees under the Defined Benefit Scheme (DBS).
What timeline or key figures were confirmed?
This was disclosed in a statement issued yesterday by PTAD’s Head of Corporate Communications, Olugbenga Ajayi.
