PTAD pays N13.87bn pension arrears to 18,822 retirees
Abuja, Nov. 2026 – The Pension Transitional Arrangement Directorate (PTAD) has paid N13.87 billion pension increment arrears to 18,822 pensioners under the Defined Benefit Scheme.
Olugbenga Ajayi, the Head of Corporate Communication in PTAD, disclosed this in a statement on Sunday.
The statement said the payment covered arrears from the 13.8 per cent to 20.55 per cent pension increases approved for different categories of pensioners.
The Pension Transitional Arrangement Directorate, PTAD made this known through a statement made available to the media and signed by According to PTAD.
It said the largest payment of 9.42 billion naira went to 7,391 pensioners from the defunct PHCN.
They are being paid arrears covering 65 months from June 2021 to October 2026 following the 13.8 per cent pension increment
The statement said N4.46 billion was paid to 11,431 pensioners from five defunct agencies of the People’s Bank of Nigeria, Assurance Bank, NICON Insurance, Nigerian Reinsurance Corporation, and NITEL/MTEL, covering 22 months of arrears from January 2025 to October 2026.
PTAD said the payments related to pension increases approved by the National Salaries, Incomes and Wages Commission, NSIWC in a circular issued on Jan. 14, 2026.
It said the payments represented the difference between what eligible pensioners were paid and the higher pension rates applicable to them during the stated periods.
