The Federal Government has commenced payment of new pension increments to retirees under the Defined Benefit Scheme (DBS), following the release of ₦820.188 billion from emergency funding approved by President Bola Tinubu. The Pension Transitional Arrangement Directorate (PTAD), in a statement posted on its official X handle on Tuesday, said the adjustments would take effect from the September 2025 payroll cycle. According to the statement, the increment covers a fixed ₦32,000 payment alongside percentage increases of 10.66% and 12.95% for different categories of retirees. PTAD explained that the funds were part of an initial ₦845 billion emergency allocation granted by the Federal Government to implement pension reforms. The DBS covers public service retirees who left service before the introduction of the Contributory Pension Scheme in 2004, including those from defunct institutions, privatised agencies, and treasury-funded parastatals.