FG Disburses N5.12bn. to Settle Pension Arrears for 90,689 Pensioners

Abuja: The Federal Government has assured that it will clear outstanding pension liabilities as funds are disbursed, amounting to N5.12 billion in pension arrears for 90,689 Defined Benefit Scheme (DBS) pensioners under the Pension Transitional Arrangement Directorate (PTAD).

This is contained in a statement issued on Monday in Abuja by Mr Olugbenga Ajayi, Head of Corporate Communications of PTAD.

He said that the directorate had finalised the disbursement of the money.

Ajayi saDIGGER 19id that the 90,689 pensioners across the four pension departments reaffirm their dedication and commitment to pensioners’ welfare.

DIGGER 19

The Nigeria Customs Service, the Nigeria Immigration Service, and the Prisons Pension Department (CIPPD) pensioners received N276,032 for one month’s arrears. The Police Pension Department (PPD) pensioners received N619,584 for two months’ arrears.

The Civil Service Pension Department (CSPD) pensioners received N408,736 for one month’s arrears, totalling 12,773 pensioners. The Parastatals Pension Department (PAPD) pensioners received N3,814,976 for two months’ arrears, totalling 59,609 pensioners.

He said that the payment reaffirms the administration’s commitment to ensuring that pensioners receive their due entitlements in line with the Renewed Hope Agenda of President Bola Tinubu.