PTAD Disburses N13.87bn in Pension Arrears to 18,822 Retirees
PTAD released N13,873,565,547.52 in pension increment arrears to 18,822 Defined Benefit Scheme retirees
In Brief
- •PTAD released N13,873,565,547.52 in pension increment arrears to 18,822 Defined Benefit Scheme retirees
- •Payments covered arrears from a 13.8% increase (65 months, June 2021‑Oct 2026) and a 20.55% increase (22 months, Jan 2025‑Oct 2026)
- •7,391 retirees from the defunct Power Holding Company of Nigeria received N9.42bn, about 67.9% of the total
- •11,431 retirees from five other agencies received N4.46bn for the 20.55% increase
- •Average payment per retiree was approximately N389,800
Why It Matters
The disbursement resolves long‑standing pension arrears for retirees of defunct government agencies, improving their welfare and demonstrating the federal government’s commitment to honoring pension obligations. By addressing arrears that had accumulated over more than five years, PTAD’s action helps restore confidence in the public pension system and may reduce future administrative burdens. The payment also highlights the role of the National Salaries, Incomes and Wages Commission in approving pension increases, underscoring the importance of coordinated policy and administration in maintaining sustainable pension schemes for public servants.
Key Details
- Total Arrears Paid
- N13,873,565,547.52
- Number of Retirees
- 18,822
- PHCN Pensioners
- 7,391
- PHCN Arrears
- N9,422,000,000
- Other Agencies Pensioners
- 11,431
- Other Agencies Arrears
- N4,460,000,000
Context & Background
PTAD administers pensions for retirees of defunct government agencies, and the disbursement addresses long‑standing arrears that had accumulated over more than five years.
Original Reporting & Sources
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