8,651 RSA Holders Withdraw N14bn from Pension Savings – PenCom About 8,651 Retirement Saving Account holders withdrew N14.20bn in the first quarter of 2024 due to temporary job loss. This was disclosed in the first quarter report 2024 published by the National Pension Commission recently. In the...

We Recover N25.13bn Unremitted Pension Contributions - PenCom   The National Pension Commission (PenCom) has recovered N25.13 billion from defaulting employers. PenCom made this known in a report. The sum, it said, comprised N12.80 billion principal contributions, and N12.33 billion penalties for delayed payments. The amount covered between...

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...

Pension Operators Seek Alternative Investments As Assets Decline       The Pension Fund Operators Association of Nigeria has said it is seeking other alternative investment options aside from the government bonds and treasury bills to increase returns on investment. The Chief Executive Officer, PenOp, Oguche Agudah, said this...

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...

N25.06bn Paid To Retirees In 18 Months – Lagos Govt         The Lagos State Government has said it paid N25.06bn to 5,819 retirees in the state in the last 18 months. The Lagos State Governor, Babajide Sanwo-Olu, disclosed this during the 81st retirement bond certificate presentation ceremony...