FG disburses N5.12bn pension arrears to 90,689 DBS pensioners

The Federal Government assurance to clear outstanding pension liabilities as funds are disbursed N5.12 billion pension Arrears to 90,689 Defined Benefit Scheme (DBS) pensioners under 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 said that the 90,689 pensioners across the four pension departments, reaffirms its dedication and commitment to pensioners welfare.

The Nigeria Customs Service, the Nigeria Immigration Service and Prisons Pension Department (CIPPD) pensioners are 8,626, received N276,032, for one month arrears, the Police, Pension Department (PPD) pensioners are 9,681, received N619,584, for two months as arrears.

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

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