The Pension Transitional Arrangement Directorate (PTAD) has paid N18.96 billion in outstanding Back-End Computation (BEC) arrears to 3,958 eligible pensioners of the defunct Power Holding Company of Nigeria (PHCN).

The payment was made to pensioners under the Defined Benefit Pension Scheme (DBS), according to a statement released by PTAD on Thursday.

The latest disbursement of N9.476 billion represents the remaining 50 per cent of the BEC arrears owed to the affected PHCN pensioners.

PTAD had earlier paid N9.482 billion in June 2026, representing the first 50 per cent tranche of the outstanding arrears.With the latest payment, the pension agency said it had completed the settlement of the BEC arrears, bringing the total amount disbursed to N18,958,199,952.27.

PTAD described the full payment as a significant milestone in resolving outstanding pension liabilities and reaffirmed the Federal Government’s commitment to protecting the welfare and entitlements of pensioners under the Defined Benefit Pension Scheme.

The Executive Secretary of PTAD, Tolulope Odunaiya, said the agency remained committed to ensuring that all eligible DBS pensioners receive their legitimate entitlements.

Odunaiya also highlighted the commitment of the administration of President Bola Ahmed Tinubu to improving the welfare and well-being of pensioners.

She said the years of sacrifice and service rendered by Nigeria’s senior citizens would continue to be recognised as the government implements measures aimed at protecting their welfare and ensuring a more dignified retirement.

PTAD said the Federal Government, through the Directorate, would continue efforts to clear outstanding pension liabilities and ensure that Nigerians who devoted their productive years to national service receive the benefits due to them.