PenCom: We'll Fight Money Laundering Through Pension Accounts   As part of the efforts to prevent workers from using their pension accounts for money laundering, operators will begin to investigate workers who make voluntary contributions of N5m and above into their Retirement Savings Accounts. The National Pension...

PenCom Unveils Guidelines On Voluntary Contribution   The National Pension Commission(PenCom) has released official guidelines on voluntary contributions into the Contributory Pension Scheme (CPS). The commission, in a statement to this effect made available to THISDAY said the move was in furtherance of its mandate of regulating...

PFAs Investment in Treasury Bills Hit N1.49 trn  The Pension Fund Administrators (PFAs) in the country have invested N1.49 trillion in Treasury Bills. The monthly report released by the National Pension Commission (PenCom) on Sunday in Abuja by Mr Peter Aghahowa, the commission’s spokesman made the...

PenCom: 25% Lump Sum Payment Restored To Retirees The National Pension Commission has suspended the payment of 20 per cent lump sum to retirees under the Contributory Pension Scheme and directed all Pension Fund Administrators to revert to the old template of 25 per cent. The...

PenCom Commences Enrolment, Verification Of Prospective FG Retirees The National Pension Commission (PenCom) has commenced the verification and enrolment of employees in the service of the federal government who are due to retire between January and December, 2019. The exercise is for employees who are due...

Low Savings: 92,925 Retirees Quit Contributory Pension Scheme More retirees are quitting the Contributory Pension Scheme and withdrawing the funds in their Retirement Savings Accounts because they do not have more than N550,000 in their accounts as of the time of their retirement, investigation has...