Pension Assets Rise By N92bn To N12.34trn
Pension assets, under the Contributory Pension Scheme (CPS) have risen by N92 billion to hit N12.340 trillion in March 2021 from the N12.248tr recorded in February 2021.
The unaudited report on Pension Funds Industry Portfolio released by the National...
PFAs Pay 11,796 Disengaged Workers N5.33bn
The Contributory Pension Scheme (CPS) has continued to relieve pressure on workers who lose their job, by paying them 25 per cent out of their pension.
According to the National Pension Commission (PenCom), 11,796 workers who lost their jobs were...
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...
Pension Fund Now N11.09trn
Pension Fund Administrators (PFAs) have recorded N666 billion increase on pension fund assets in six months.
The total pension fund hits a record high of N11.09 trillion as at June 2020 from N10.8 trillion recorded in May.
Besides, the number of Retirement Savings...
Workers’ll Soon Be Allowed To Change PFAs, Says PenCom
The National Pension Commission has said it will soon open the transfer window that will allow workers to be able to move their Retirement Savings Accounts to another Pension Fund Administrator of their choice.
PenCom also said...
Pension Commission Urges Workers To Update RSA
The National Pension Commission (PenCom) has urged contributors into the Contributory Pension Scheme(CPS) to go to their Pension Fund Administrators (PFAs) and update their Retirement Savings Account (RSA) details.
The commission also warned that RSA holders who ignore the...
