PTAD Clears ₦3.82bn Back-End Pension Arrears

The Pension Transitional Arrangement Directorate (PTAD) has disbursed a total of ₦3,817,568,592.80 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).

Olugbenga Ajayi, Head of Corporate Communications at PTAD, disclosed this in a statement, saying 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.
PTAD said the disbursement further demonstrates its 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, while reaffirming the Directorate’s commitment to the timely, transparent and accountable payment of verified pension entitlements.
She noted that the payment reflects the commitment of the administration of President Bola Ahmed Tinubu to addressing pension-related issues and strengthening pension administration under the Defined Benefit Scheme.
The statement further said PTAD 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.