The Pension Transitional Arrangement Directorate has formally commenced the implementation of the Defined Benefit Scheme Pension Harmonisation reform, a major step towards addressing decades of structural disparities in public sector retirement benefits.
The policy intervention, approved under President Bola Tinubu’s Renewed Hope Agenda, marks one of the most significant overhauls to the nation’s legacy pension arrangement since PTAD’s establishment in 2013 under the Pension Reform Act.
Speaking on the objective and immediate impact of the exercise on Wednesday, the Executive Secretary and Chief Executive Officer of PTAD, Tolulope Odunaiya, emphasised the directorate’s commitment to equity and social justice.
“This initiative is a landmark reform designed to restore fairness, improve retirees’ welfare, and strengthen confidence in the administration of the country’s legacy pension system.
“The objective is to ensure that retirees who held similar positions and rendered comparable years of service receive equitable pension benefits regardless of their retirement dates,” Odunaiya
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