PTAD Pays ₦3.9bn in Arrears to Over 91,000 Retired Federal Workers

The Pension Transitional Arrangement Directorate (PTAD) has paid out ₦3.9 billion to settle pension arrears for 91,146 retired federal government workers under the Defined Benefit Scheme. This move marks a significant milestone in PTAD's efforts to uphold the welfare of senior citizens who have dedicated decades to national service.

The payment covers verified arrears across multiple pension departments, ensuring transparency and accuracy in the disbursement process. The initiative aims to alleviate financial burdens on retirees, enabling them to meet essential needs and restore dignity.

PTAD reaffirms its commitment to maintaining a fraud-free pension administration system and resolving outstanding arrears while ensuring regular monthly pension payments.