Thursday, June 18, 2026

Defined Benefit Scheme (DBS)

May 6, 2022

PHCN retirees not entitled to 33% pension increase: PTAD

PTAD says defunct Power Holding Company of Nigeria (PHCN)’s workers are not entitled to the pension increase of 33 per cent.

PHCN/PTAD
November 22, 2021

FG clearing pensioners’ debts: PTAD

The statement also mentioned that PTAD commenced payment of the pension increment in May 2021, with an accrued arrears of 24 months.

July 20, 2021

New Minimum Wage: FG pays nine-month pension arrears

PTAD has paid an additional nine months of consequential adjustment arrears occasioned by the new minimum wage increase of 2019 to the DBS pensioners.

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