PenCom To Begin Verification Of Prospective Retirees   The National Pension Commission will soon commence the verification of prospective retirees under the Contributory Pension Scheme. The acting Director-General, PenCom, Hajia Aisha Dahir-Umar, disclosed this in Lagos, during the pre-retirement workshop for Federal Government’s retirees, due to retire...

PenCom's Verification Exercise For 2020 Retirees Begins July Acting DG of PenCom, Aisha Umar-Dahir The National Pension Commission (Pencom) on Monday said it is going to start verification exercise for civil servants who will be retiring by year 2020. The Acting Director General of Pencom,...

Contributory Pension Assets Increase To N9.03trn The total assets under the Contributory Pension Scheme rose to N9.03trn as of the end of March 2019. The funds, which had continued to record a steady rise, was N8.33tn at the end of August 2018. Figures obtained from the National...

PenCom Invests N8.744trn Pension Assets in 24 Asset Classes The National Pension Commission (PenCom), said it invested the accumulated N8.744 trillion pension assets in 24 different asset classes with federal government securities taking the lion share of 72.91 per cent of the total funds. A breakdown...

FG Flouts Pension Law, Remits Low Amounts To Civil Servants' Accounts Stakeholders have asked the Federal Government to pay the three per cent pension shortfall which it has not remitted into workers’ Retirement Savings Accounts in the past five years in flagrant disregard of its...

16,536 Firms Gets PenCom Compliance Certificate   About 16,536 private organisations got the National Pension Commission’s compliance certificate in the 2018 financial year. The commission disclosed this in its update on compliance of the Contributory Pension Scheme by the private sector employers. The commission noted that the cleared...