PTAD Releases N3.82b Accrued Pension Arrears to Settle 30, 365 DBS Across Parastatals
Published by Sola Akingboye
The Pension Transitional Arrangement Directorate (PTAD) said it has disbursed a total of ₦3,817,568,592.80 (Three Billion, Eight Hundred and Seventeen Million, Five Hundred and Sixty-Eight Thousand, Five Hundred and Ninety-Two Naira, Eighty Kobo) in accrued pension arrears to 30,356 Defined Benefit Scheme (DBS) Pensioners across the Parastatals Pension Department (PaPD), Defunct and Transferred Agencies Pension Department (DTAPD), and Tertiary, Education and Health Pension Department (TEHPD).
In a press statement by the Head, Corporate Communications, Olugbenga Ajayi, MNIPR, the agency noted that the payment represents accrued arrears arising from the Back-End Computation (BEC) Review Exercise conducted by the Directorate to address and resolve complaints relating to pension computations and outstanding entitlements of DBS Pensioners.
The agency emphasises that the disbursement further demonstrates PTAD’s sustained commitment to addressing verified outstanding obligations and improving the welfare of DBS Pensioners under its mandate.
Speaking on the development, the Executive Secretary of PTAD, Tolulope Odunaiya, expressed appreciation to the affected DBS Pensioners for their cooperation throughout the review process, reaffirming the Directorate’s commitment to the timely, transparent, and accountable payment of verified pension entitlements.
She further noted that this payment reflects the commitment of the Administration of His Excellency, President Bola Ahmed Tinubu, GCFR, to addressing pension-related issues and strengthening pension administration under the Defined Benefit Scheme.
PTAD said it remains committed to continuous engagement with DBS Pensioners, prompt resolution of pension-related complaints, and the delivery of efficient, transparent, and accountable DBS pension administration.
