PTAD disburses N3.8 billion arrears to 30,356 pensioners under Defined Benefit Scheme
The Pension Transitional Arrangement Directorate has disbursed N3,817,568,592.80 in pension arrears to 30,356 pensioners under the Defined Benefit Scheme. The post PTAD disburses N3.8 billion arrears to 30,356 pensioners under Defined Benefit Scheme appeared first on Nairametrics .
The Pension Transitional Arrangement Directorate (PTAD) has released N3.8 billion in pension arrears to 30,356 beneficiaries under the Defined Benefit Scheme. Olugbenga Ajayi, PTAD's Head of Corporate Communications, announced this development in Abuja. The payments encompass pensioners from three pension departments: Parastatals Pension Department, Defunct and Transferred Agencies Pension Department, and Tertiary, Education and Health Pension Department.
The disbursement underscores PTAD's continuous dedication to settling verified outstanding obligations and enhancing the welfare of DBS pensioners. This latest payment occurs as the Federal Government persistently strives to resolve outstanding pension obligations and bolster the welfare of pensioners under the Defined Benefit Scheme.
The distribution is a component of the N32,000 pension increment sanctioned by President Tinubu, following the previous resolution of arrears from the 20% to 28% pension increase effective January 2024.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
