Fed Govt Defaults In Pension Remittance For Six Years   Workers have continued to suffer decline in their retirement benefits over the Federal Government’s delay in implementing the mandatory 18 per cent monthly emolument remittance into employees’ pension accounts. The Pension Reform Act 2014 mandates all employers...

PenCom Concludes Nine-year Intervention In First Guarantee Pension   The National Pension Commission has concluded its regulatory intervention in First Guarantee Pension Limited (PFA) and handed over the company to its newly reconstituted board. A statement from PenCom on Monday said that the regulatory intervention in First...

PenCom Orders Pension Enhancement For Retirees   The National Pension Commission has directed the Pension Fund Administrators to implement pension enhancement for retirees on programmed withdrawal under the Contributory Pension Scheme (CPS) PenCom said in a statement that this would be the second edition of the pension...

230 FMBN Retirees Appeal To Buhari Over Outstanding Pensions   Two hundred and thirty surviving pensioners of the Federal Mortgage Bank of Nigeria (FMBN) and the Federal Mortgage Finance Limited have cried out to President Muhammadu Buhari to compel their former employers to pay them their...

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...

Pension Board Pays N534m To Jigawa Retirees   The Jigawa State and Local Governments Contributory Pension Scheme Board has commenced the payment of over N534 million as entitlements to 318 beneficiaries. The Executive Secretary of the board, Alhaji Ahmad Fagam, made this known while speaking with newsmen...