PTAD Disburses N3.82bn to 30,356 DBS Pensioners

By Modupe Gbadeyanka

About N3.82 billion in settlement of Back-End Computation (BEC) pension arrears has been disbursed to 30,356 Defined Benefit Scheme (DBS) pensioners by the Pension Transitional Arrangement Directorate (PTAD).

A statement signed by the Head of Corporate Communications at PTAD, Mr Olugbenga Ajayi, said on Friday that the beneficiaries were drawn from across the Parastatals Pension Department (PaPD), Defunct and Transferred Agencies Pension Department (DTAPD), and Tertiary, Education and Health Pension Department (TEHPD).

According to him, this payment represents accrued arrears arising from the BEC review exercise conducted by the directorate to address and resolve complaints relating to pension computations and outstanding entitlements of DBS pensioners.

He stated that the disbursement further demonstrates PTAD’s sustained commitment to addressing verified outstanding obligations and improving the welfare of DBS Pensioners under its mandate.

The Executive Secretary of PTAD, Ms Tolulope Odunaiya, expressed appreciation to the affected DBS pensioners for their cooperation throughout the review process, reaffirming the organisation’s commitment to the timely, transparent, and accountable payment of verified pension entitlements.

She further noted that this payment reflects the federal government’s commitment to addressing pension-related issues and strengthening pension administration under the DBS.

The PTAD chief said her agency 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.