Pension Commission Urges Workers To Update RSA   The National Pension Commission (PenCom) has urged contributors into the Contributory Pension Scheme(CPS) to go to their Pension Fund Administrators (PFAs) and update their Retirement Savings Account (RSA) details. The commission also warned that RSA holders who ignore the...

PenCom Lists Delta, Six Other States As Remittance Compliant   The National Pension Commission (PenCom) has listed only seven out of the 36 states in Nigeria as being current in their remittance of pension fund deductions from the salaries of their employees as well as in...

For CPS, FG Makes National Identification Number Mandatory For workers The Federal Government has mandated all workers under the Contributory Pension Scheme to produce their National Identification Numbers as part of their pension requirements. The National Pension Commission disclosed this in a circular titled, ‘Notice on...

Pension Fund Operators Invest N5.5trn In FG Securities With the nation’s total pension fund rising to N7.79 trillion as at the end of February 2018, pension fund operators have invested N5.5 trillion, about 70 per cent, of the pension assets in federal government securities. Of the...

The Nigeria Labour Congress (NLC) has warned that unless urgent steps are taken, the Contributory Pension Scheme (CSP) designed to ease the suffering of pensioners in the country may collapse, saying the government was indebted to pensioners under the scheme to over N183 billion. Speaking...