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...

Lagos Pays N1.55bn Benefits To 287 Retirees   Lagos State government has disbursed N1.559 billion into the Retirement Savings Account (RSA) of over 287 retirees in the state.The Public Affairs Officer, Lagos State Pension Commission (LASPEC), Mrs. Adetokunbo Eko, told our correspondent, over the weekend, that...

Oyetola Issues N1bn Bond Certificates To 189 Retirees Osun State Governor, Mr Adegboyega Oyetola, on Tuesday presented bond certificates worth over N1.01bn to retirees under the Contributory Pension Scheme. The affected pensioners were drawn from local government and primary school retirees. Governor Oyetola said at the event...

FG Approves N42.7bn To Nigerian Airways Retirees, Public Varsities The Federal Government has approved the payment of N42.7bn for the payment of retirement benefits to ex-workers of the liquidated Nigeria Airways Limited and the revitalisation of public universities in the country. Out of the amount, N20bn...

Return 5% Lump Sum To Retirees, PenCom Orders PFAs The National Pension Commission has directed the Pension Fund Administrators to pay additional five per cent lump sum to retirees that were initially paid 20 per cent of total balance in their Retirement Savings Accounts on...

PenCom: 25% Lump Sum Payment Restored To Retirees The National Pension Commission has suspended the payment of 20 per cent lump sum to retirees under the Contributory Pension Scheme and directed all Pension Fund Administrators to revert to the old template of 25 per cent. The...