30,356 FG retirees receive N3.82bn backlog pension payment

Relief has arrived for 30,356 Federal Government retirees who will receive N3.82 billion in overdue pension payments. The Pension Transitional Arrangement Directorate (PTAD) confirmed the disbursement of N3,817,568,592.80 in accrued pension arrears to retirees under the Defined Benefit Scheme (DBS).

The payments cover arrears identified during PTAD's Back-End Computation Review Exercise. This initiative aimed to resolve long-standing complaints regarding pension computations and outstanding entitlements for DBS pensioners across various departments.

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appreciation to the affected DBS pensioners for their cooperation throughout the review process.

PTAD's Executive Secretary, Tolulope Odunaiya, expressed gratitude for the pensioners' cooperation during the review. She reaffirmed the directorate's dedication to ensuring timely, transparent, and accountable pension payments. Odunaiya highlighted that the disbursement also reflects President Bola Ahmed Tinubu's administration's commitment to addressing pension-related issues and strengthening the DBS.

The directorate assured pensioners of its continued efforts to deliver efficient and transparent administration. PTAD plans to sustain efforts in identifying and settling verified outstanding pension obligations, enhancing engagement with pensioners to promptly resolve complaints.

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payment also 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.