PenCom Moves To Curb Unfunded Retirement Savings Accounts       The National Pension Commission has ordered Pension Fund Administrators to ensure that all remitted contributions are credited into the Retirement Savings Accounts of the workers. This is to reduce the number of unfunded RSAs of workers under the...

Workers Withdrew N2.18bn Pension Savings In Q3 – PenCom         About 1,286 workers under the Contributory Pension Scheme withdrew N2.18bn from the voluntary contributions in their Retirement Savings Accounts with their Pension Fund Administrators in the third quarter. The National Pension Commission disclosed this in its 2020...

Lagos State Govt Pays N1bn To 246 Retirees       The Lagos State Government said it paid over N1bn into the Retirement Savings Accounts of 246 retirees in its public service.T It said this in a statement on Friday titled ‘Lagos pays over N1bn to another set of...

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...

32 States Not Remitting Workers’ Contributory Pensions – PenCom     While five states are regularly funding the accrued rights and Retirement Savings Accounts of their workers under the Contributory Pension Scheme, all the states have backlog of arrears that make retirees to wait for a few...

Lagos To Begin 18% Pension Contributions The Lagos State Government says it will begin the remittance of 18 per cent contributions into its workers’ Retirement Savings Accounts. The Director-General, Lagos State Pension Commission, Folashade Onanuga, disclosed this at the 17th Retirement Benefits Documentation seminar in Lagos. She...