By Joy Odor Abuja
The Pension Transitional Arrangement Directorate (PTAD) has disbursed ₦5.12 billion in outstanding pension arrears to 90,689 Defined Benefit Scheme (DBS) pensioners across its four pension departments.
In a statement on Monday, PTAD said the payment aligns with its commitment to settle pension liabilities as funds are released by the Federal Government, in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
A breakdown of the disbursement shows:
Civil Service Pension Department (CSPD): 12,773 pensioners, 1 month, ₦408.73 million
Police Pension Department (PPD): 9,681 pensioners, 2 months, ₦619.58 million
Customs, Immigration and Prisons Pension Department (CIPPD): 8,626 pensioners, 1 month, ₦276.03 million
Parastatals Pension Department (PAPD): 59,609 pensioners, 2 months, ₦3.81 billion
The total payout amounted to ₦5,119,328,000.
“This payment reaffirms the administration’s ongoing commitment to ensuring that pensioners receive their due entitlements,” PTAD stated, adding that it remains dedicated to protecting the welfare of retirees under its management.
