FG Begins ₦32,000 Pension Increment For Retirees

By MELVIN KOFFA

THE Pension Transitional Arrangement Directorate (PTAD) has begun implementing new pension increments for retirees under the Defined Benefit Scheme (DBS), following the partial release of ₦20.18 billion by the Federal Government.

The adjustment includes a flat ₦32,000 increase and percentage raises of 10.66% and 12.95%, effective from the September 2025 payroll. PTAD said the move follows President Bola Tinubu’s approval of an emergency budgetary allocation from the ₦45 billion fund to support revised pension rates.

The reforms also include a planned harmonisation policy to take effect in the 2026 budget and health insurance coverage for all DBS pensioners. PTAD described the measures as part of the government’s commitment to equity, financial security, and dignity for retirees.