Pension: Only 5 States Have Retirees Under The CPS, Says PenCom
Only five states among those that have commenced the implementation of the Contributory Pension Scheme have retirees earning pensions under the scheme.
The Head, States Operations Department, National Pension Commission, Mr Babatunde Philips, disclosed.
In his...
PenCom To Penalise PFAs For Wrongly Paid Benefits
The National Pension Commission has ordered the Pension Fund Administrators to investigate all reported cases of dead Retirement Savings Account holders before making any payment to the beneficiaries.
The regulator said any wrong payment of death entitlement would...
Pension Commences Verification Of 13,000 Pensioners In North-West
The Pension Transitional Arrangement Directorate has said it has commenced the verification of no fewer than 13,000 pensioners in the North-West.
The Executive Secretary of the directorate, Mrs Chioma Ejikeme, disclosed this on Tuesday in Kano.
She said the...
Katsina, 20 Others Not Remitting Pension Deductions From Workers’ Pay
Katsina, Imo, Oyo, Ogun, Benue and Akwa Ibom are among the 21 states that have refused to remit about N3.4bn pension contributions deducted from workers’ pay into their Retirement Savings Accounts.
Since the implementation of the...
Pensions: States Failed To Remit N3.4bn Deducted From Workers’ Pay - PenCom
States operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly remunerations into their respective Retirement Savings Accounts with their Pension Fund Administrators.
The acting Director-General, National...
FG Unveils Pension Plan For Informal Sector Workers
President Muhammadu Buhari has unveiled a Micro Pension Plan for people operating in the informal sector of the economy, even as he promised to halt the rot in the nation’s pension system.
The President, while unveiling the pension...
