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...

Only 11% Of Workforce Is Enrolled In The Pension Scheme – PenOp         Despite the astronomical growth recorded in the pension fund, only 11 percent of workforce is enrolled in the Contributory Pension Scheme, CPS, and the micro pension schemes and this number needs to improve,...

PenCom To Adopt Electronic Pension Verification       The National Pension Commission (PenCom) said it will adopt an automated electronic process to conduct the annual verification and enrolment exercise. In a statement yesterday, PenCom said due to the COVID-19, it could not conduct the 2020 exercise physically for...

Lagos State Govt Pays Over N25bn As Retirement Benefits       Governor Babajide Sanwo-olu of Lagos State on Thursday said that his administration had paid over N25 billion into the Retirement Savings Account (RSA) of retirees of the state since he came on board 18 months ago. Sanwo-olu,...