Workers Withdrew N2.18bn Pension Savings In Q3 – PenCom         About 1,286 workers under the Contributory Pension Scheme withdrew N2.18bn from the voluntary contributions in their Retirement Savings Accounts with their Pension Fund Administrators in the third quarter. The National Pension Commission disclosed this in its 2020...

PenCom Allows Contributors To Change Pension Companies         The National Pension Commission has said it has concluded arrangements for the take-off of Retirement Savings Account transfers. A statement on Monday titled ‘Official launch of the Retirement Savings Account transfer system’, said it would enable workers in the...

32 States Not Remitting Workers’ Contributory Pensions – PenCom     While five states are regularly funding the accrued rights and Retirement Savings Accounts of their workers under the Contributory Pension Scheme, all the states have backlog of arrears that make retirees to wait for a few...

Fed Govt Releases N14.92bn For Retirees’ Accrued Rights       The Federal Government has released N14.92bn for the payment of accrued rights for retirees under the Contributory Pension Scheme. The National Pension Commission disclosed this on Monday in a statement entitled ‘FG releases N14.92bn for accrued rights for...

Pension Assets To Grow By 8.5% In 2020 – Report     Assets under the Contributory Pension Scheme have been estimated to record an 8.5 per cent growth in 2020 despite the effect of COVID-19 pandemic. Agusto & Co. stated this in its pension industry report on Tuesday,...

Pension Fund Assests Rose By N140bn In September   Pension fund assets under the Contributory Pension Scheme (CPS) have continued to be one of the fastest growing savings accounts in the country as it grew by N140 billion in September. This is according to a table on...