Disengaged Workers Withdraw N201bn From Pension Fund – PenCom   No fewer than 466,812 workers who were disengaged from their jobs have withdrawn N201.22bn from their Retirement Savings accounts, amounting to a quarter of their total savings as of the end of first quarter of 2023. Figures...

PenCom Says Under-40 Workers In Contributory Pensions Now At 86%   Workers below 40 years under the Contributory Pension Scheme rose from 73 per cent at the end of 2021 to 86.4 per cent by end of the first quarter of 2022. The National Pension Commission disclosed...

PenCom Recovers N19.29bn Unremitted Pensions   The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Figures obtained from PenCom’s quarterly report on Tuesday showed...

25,645 Workers Move N102.59bn To Other Operators, Dump PFAs       No fewer than 25,645 workers who were displeased with their Pension Fund Administrators have transferred N102.59bn in their Retirement Savings Accounts to other PFAs. The National Pension Commission disclosed this in a presentation titled ‘Understanding the RSA...

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...

2,799 Workers Change Pension Firms, Move N18.89bn         No fewer than 2,799 workers under the Contributory Pension Scheme have moved their Retirement Savings Accounts from their former Pension Fund Administrators to other operators. Statistics obtained from the National Pension Commission on its report titled ‘Update on the...