PTAD pays N13.87bn pension arrears to 18,822 retirees
AI Executive Briefing
Verified Synthesis~25s readNews The Pension Transitional Arrangement Directorate (PTAD) has disbursed N13.87 billion in pension increment arrears to 18,822 retirees under the Defined The Pension Transitional Arrangement Directorate (PTAD) has disbursed N13.87 billion in pension increment arrears to 18,822 retirees under the Defined Benefit Scheme (DBS), covering outstanding payments arising from approved increases for former workers of the defunct Power Holding Company of Nigeria (PHCN) and five other agencies. The payment reflects the accrued arrears arising as a result of the 13.8% and 20.55% increments to PHCN Pensioners and Pensioners from some of the Defunct Agencies under PTAD,” the statement read The directorate said the former PHCN workers received 65 months of arrears arising from a 13.8 percent pension increment, covering the period from June 1, 2021, to October 31, 2026.
Context & Background
- ✦“The Pension Transitional Arrangement Directorate (PTAD) has paid ₦13,873,565,547.52 (Thirteen Billion, Eight Hundred and Seventy-Three Million, Five Hundred and Sixty-Five Thousand, Five Hundred and Forty-Seven Naira, Fifty-Two Kobo) in pension increment arrears to 18,822 Defined Benefit Scheme (DBS) Pensioners.
Key Figures & Named Entities
₦13,873,565,547.52:“The Pension Transitional Arrangement Directorate (PTAD) has paid ₦13,873,565,547.52 (Thirteen Billion, Eight Hundred and Seventy-Three Million, Five Hundred and Sixty-Five Thousand, Five Hundred and Forty-Seven Naira, Fifty-Two Kobo) in pension increment arrears to 18,822 Defined Benefit Scheme (DBS) Pensioners.2021:The payment reflects the accrued arrears arising as a result of the 13.8% and 20.55% increments to PHCN Pensioners and Pensioners from some of the Defunct Agencies under PTAD,” the statement read The directorate said the former PHCN workers received 65 months of arrears arising from a 13.8 percent pension increment, covering the period from June 1, 2021, to October 31, 2026.2025:The second tranche of N4.46 billion represents 22 months of arrears arising from a 20.55 percent pension increase, covering January 1, 2025, to October 31, 2026.
Outlook & Next Steps
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Key Takeaways
Verified Extract- News The Pension Transitional Arrangement Directorate (PTAD) has disbursed N13.87 billion in pension increment arrears to 18,822 retirees under the Defined The Pension Transitional Arrangement Directorate (PTAD) has disbursed N13.87 billion in pension increment arrears to 18,822 retirees under the Defined Benefit Scheme (DBS), covering outstanding payments arising from approved increases for former workers of the defunct Power Holding Company of Nigeria (PHCN) and five other agencies.
- The payment reflects the accrued arrears arising as a result of the 13.8% and 20.55% increments to PHCN Pensioners and Pensioners from some of the Defunct Agencies under PTAD,” the statement read The directorate said the former PHCN workers received 65 months of arrears arising from a 13.8 percent pension increment, covering the period from June 1, 2021, to October 31, 2026.
- “The Pension Transitional Arrangement Directorate (PTAD) has paid ₦13,873,565,547.52 (Thirteen Billion, Eight Hundred and Seventy-Three Million, Five Hundred and Sixty-Five Thousand, Five Hundred and Forty-Seven Naira, Fifty-Two Kobo) in pension increment arrears to 18,822 Defined Benefit Scheme (DBS) Pensioners.
Key Facts:₦13,873,565,547.52: “The Pension Transitional Arrangement Directorate (PTAD) has paid ₦13,873,565,547.52 (Thirteen Billion, Eight Hundred and Seventy-Three Million, Five Hundred and Sixty-Five Thousand, Five Hundred and Forty-Seven Naira, Fifty-Two Kobo) in pension increment arrears to 18,822 Defined Benefit Scheme (DBS) Pensioners.2021: The payment reflects the accrued arrears arising as a result of the 13.8% and 20.55% increments to PHCN Pensioners and Pensioners from some of the Defunct Agencies under PTAD,” the statement read The directorate said the former PHCN workers received 65 months of arrears arising from a 13.8 percent pension increment, covering the period from June 1, 2021, to October 31, 2026.2025: The second tranche of N4.46 billion represents 22 months of arrears arising from a 20.55 percent pension increase, covering January 1, 2025, to October 31, 2026.2026: PTAD said both pension increments were approved by the National Salaries, Incomes and Wages Commission (NSIWC) in a circular dated January 14, 2026.
Editorial Excerpt
The Pension Transitional Arrangement Directorate (PTAD) has disbursed N13.87 billion in pension increment arrears to 18,822 retirees under the Defined
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News The Pension Transitional Arrangement Directorate (PTAD) has disbursed N13.87 billion in pension increment arrears to 18,822 retirees under the Defined The Pension Transitional Arrangement Directorate (PTAD) has disbursed N13.87 billion in pension increment arrears to 18,822 retirees under the Defined Benefit Scheme (DBS), covering outstanding payments arising from approved increases for former workers of the defunct Power Holding Company of Nigeria (PHCN) and five other agencies.
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The primary parties identified in this coverage include Naira & Foreign Exchange Policy, Bola Ahmed Tinubu.
What timeline or key figures were confirmed?
“The Pension Transitional Arrangement Directorate (PTAD) has paid ₦13,873,565,547.52 (Thirteen Billion, Eight Hundred and Seventy-Three Million, Five Hundred and Sixty-Five Thousand, Five Hundred and Forty-Seven Naira, Fifty-Two Kobo) in pension increment arrears to 18,822 Defined Benefit Scheme (DBS) Pensioners.
