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...

Lagos Pays N30bn To Retirees In Two Years       Lagos State has paid over N30 billion to retirees in two years, the Director-General, Lagos Pension Commission (LASPEC), Mr. Babalola Obilana, has said. The payment, according to him, was made in the two years of the Babajide Sanwo-Olu’s...

Lagos State Govt Pays Over N4.2bn As Pension Arrears       The Lagos State government has paid N4.203 billion as pension under the Defined Benefits Scheme (DBS), otherwise known as ‘Pay As You Go’, between May 2019 and March 2021, Commissioner for Establishment, Training and Pension, Mrs....

Kwara Govt Spends N20bn On Pensions, Gratuities In Two Years       Kwara State Government has spent close to N20 billion on payment of pension and gratuities in the last two years. The Special Adviser on Strategy to Gov. AbdulRahaman AbdulRazaq, Sa’adu Salahu, disclosed this on Sunday...

Lagos Govt Pays 358 Retirees Over N1bn Entitlements       The Director-General, Lagos State Pension Commission, Mr Babalola Obilana, has said the state government paid over N1bn to retirees in April. He disclosed this while delivering a speech at the retirement bond certificates presentation ceremony to the 84th...

2,210 Workers Withdrew N3.18bn From Voluntary Pension Contributions – PenCom       A total of 2,210 workers withdrew N3.18bn from their Retirement Savings Accounts with their respective Pension Fund Administrators in six months after making additional voluntary contributions, the National Pension Commission has said. PenCom said this in...