PTAD clears N18.96bn PHCN pensioners arrears
The Pension Transitional Arrangement Directorate (PTAD) has disbursed a total of N18.96 billion to settle outstanding Back-End Computation arrears owed to 3,958 eligible PHCN pensioners under the Defined Benefit Pension Scheme. The latest payment, amounting to N9.476 billion, represents the outstanding 50 per cent balance of the BEC arrears owed to the affected pensioners. In Read More:…
The Pension Transitional Arrangement Directorate (PTAD) has released N18.96 billion in Back-End Computation (BEC) arrears to 3,958 eligible PHCN pensioners under the Defined Benefit Pension Scheme. The payment, representing the remaining 50% of the arrears, follows an earlier disbursement of N9.476 billion in June 2026, covering the first half of the arrears.
PTAD confirms the full settlement of BEC arrears, totaling N18,958,199,952.27, as a significant milestone in resolving outstanding pension liabilities. Director Tolulope Odunaiya emphasized the Federal Government's and PTAD's dedication to the welfare of DBS pensioners, highlighting President Bola Ahmed Tinubu's commitment to their well-being.
The Directorate pledges continued efforts to address outstanding pension liabilities, ensuring Nigerians who served the nation receive their due benefits.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- PTAD clears N18.96bn PHCN pensioners arrears punchng.com
- PTAD pays N18.96 billion PHCN pension arrears to 3,958 retirees nairametrics.com
