By Atoyebi Nike
The Pension Transitional Arrangement Directorate (PTAD) has begun implementing new pension increments for retirees under the Defined Benefit Scheme (DBS), following the release of ₦20.18 billion by the Federal Government.
The adjustment includes a flat rate of ₦32,000 and percentage increases of 10.66% and 12.95%, which are reflected in the September 2025 payroll.
In a statement on Tuesday, PTAD said the move follows President Bola Tinubu’s approval of an emergency allocation to support the revised pension rates, part of wider reforms to improve retiree welfare.
Olugbenga Ajayi, PTAD’s Head of Corporate Communications, said the increment “reaffirms the Federal Government’s commitment to safeguarding the welfare and entitlements of DBS pensioners in line with the Renewed Hope Agenda.”
The reforms also include a health insurance scheme for pensioners and a harmonisation policy to be built into the 2026 budget to streamline payments and reduce disparities.
Last month, the Federal Government released ₦5.12 billion for arrears to 90,689 retirees across the Customs, Immigration, Prisons, Police, Civil Service, and Parastatals pension departments.
With the new increases now active, thousands of pensioners nationwide will see higher monthly entitlements.
