Pension Contributors Now Over 8.94m         The total membership of the Contributory Pension Schemes increased by 5.67 per cent from 8,469,257 as at December 31, 2018 to 8,949,536 as at December 31, 2019, the National Pension Commission (PenCom) has said. According to the commission in its 2019...

PenCom Allows Contributors To Change Pension Companies         The National Pension Commission has said it has concluded arrangements for the take-off of Retirement Savings Account transfers. A statement on Monday titled ‘Official launch of the Retirement Savings Account transfer system’, said it would enable workers in the...

Only 9,103,653 Workers Have Pension Accounts - PenCom       Only 9,103,653 workers had Retirement Savings Accounts with Pension Fund Administrators as of the end of August. The National Pension Commission disclosed this in its ‘Total RSA registrations as at 31 August 2020’ latest report obtained from on...

PenCom: Lack Of Board Stalls N14,400 Minimum Pension Payment       Five years after the pension operators and the National Pension Commission drafted guidelines to commence N14,400 minimum pensions for retirees, the payment is yet to begin. A source at PenCom said the minimum pension could not commence...

N1bn Paid To 219 Retirees In September - Lagos Govt       Lagos State has said it paid retirees N1bn as accrued pension rights for the month of September. It said this in a statement on Sunday entitled ‘Lagos State retirees received over N1bn as accrued pension rights...

Pension: 4,668 Job Losers Withdraw N2.56bn In Three Months       A total of 4,668 workers who lost their jobs and could not get another after four months withdrew N2.56bn from their Retirement Savings Accounts during the second quarter of 2020. The National Pension Commission disclosed this in...