Pension Fund Assets Hit N10.8trn
Pension fund assets under the Contributory Pension Scheme (CPS) rose to N10.8 trillion in May, growing by N330 billion from the N10.577 trillion recorded the previous month.
The number of Retirement Savings Account (RSA) holders grew to 9,016,324 in the period...
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...
