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Defined Benefit Scheme (DBS)

FG steps in to clear N39.63bn pension liabilities of 24,814 retirees

Federal Government, through the Pension Transitional Arrangement Directorate (PTAD) has disbursed N39.63 billion to clear outstanding pension liabilities for 24,814 eligible retirees under the Defined Benefit Scheme (DBS). PTAD completed the disbursement following a directive from the Minister of Finance…

Posted on VN

Amid liability fears, PTAD assures new pension harmonisation scheme to boost retirees’ income

Pension Transitional Arrangement Directorate (PTAD) has assured that its implementation of the pension harmonisation for Defined Benefit Scheme (DBS) pensioners, which took effect in May 2026, will lift incomes for many retirees, just as it expressed fears that the programme may…

Posted on VN