Nigeria’s PTAD Pays US$2.8 Million in Pension Arrears to 30,356 Retirees
Nigeria · FINANCE Key Facts —Payment amount: PTAD disbursed ₦3,817,568,592.80, commonly rounded to ₦3.82 billion, in backend computation pension arrears. —Beneficiaries: The payment covered 30,356 Defined Benefit Scheme pensioners across three PTAD departments. —Announcement date: PTAD issued the statement on Friday, 14 August 2026, via its official channels. —Departments covered: Parastatals…
Nigeria’s Pension Transitional Arrangement Directorate (PTAD) disbursed ₦3,817,568,592.80 in pension arrears on 14 August 2026, settling historical under-payments for 30,356 retirees under the Defined Benefit Scheme. The funds were distributed across three PTAD departments: the Parastatals Pension Department, Defunct and Transferred Agencies Pension Department, and the Tertiary, Education and Health Pension Department.
The payment addressed computation errors identified during a Back-End Computation Review Exercise, not new pension increases. PTAD framed the disbursement as settling verified outstanding obligations, improving the administration of the DBS.
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