PenCom Bans Charges On Micro Pension
To avert depletion of the micro pension fund, the National Pension Commission (PenCom) has mandated Pension Fund Administrators (PFAs) with the fund below N5 million to stop paying fee charges.
PenCom Head, Surveillance Department, Ehimeme Ohioma made this known in...
PenCom To Sanction PFAs For Refusing Retirees Annuity
The National Pension Commission has said it will sanction Pension Fund Administrators that refuse to approve annuity for retirees who are collecting pensions to them under the Programmed Withdrawal.
It stated this in a circular entitled, ‘Procedure for...
PenCom Waives Requirements, Orders PFAs To Pay Retirees
The National Pension Commission has ordered Pension Fund Administrators to temporarily waive the National Identity Number that was a mandatory requirement for retirees to get their benefits following mounting complaints from retirees.
It stated this in a circular...
