States May Be Penalised For Pension Default - Ex-PenCom DG   A bill is being moved to heavily penalise state governments that fail to pay workers’ pension benefits. The operators of the Contributory Pension Scheme disclosed this during an interactive session with the Senate Committee on Establishment...

PenCom To Collect Bonds Through DMO For N400bn Pension Arrears   The National Pension Commission plans to raise pension bonds through the Debt Management Office to offset the pension arrears of federal retirees. The arrears accumulated through accrued rights. The Chairman, Senate Committee on Establishment and Public Service,...

Total Pension Assets Increase To N9.8trn   The total assets under the Contributory Pension Scheme rose to N9.81tn as of the end of October, the National Pension Commission has stated. According to the commission, a total of N6.91tn or 70.43 per cent of the funds has been...

Pension: Only 5 States Have Retirees Under The CPS, Says PenCom   Only five states among those that have commenced the implementation of the Contributory Pension Scheme have retirees earning pensions under the scheme. The Head, States Operations Department, National Pension Commission, Mr Babatunde Philips, disclosed. In his...

8.8m Nigerian Workers Have Pension Accounts – PenCom   About 8.85 million Nigerian workers have been registered under the Contributory Pension Scheme, the acting Director-General, National Pension Commission, Mrs Aisha Dahir-Umar, has said. She disclosed this on Thursday during a pension seminar in Benin, Edo State, adding...

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...