114,837 Retirees Collected N28.46bn, Quit Pension Scheme – Report       Many workers whose employers did not adequately fund their Retirement Savings Accounts and retired with balances less than N550,000 have collected their contributions and left the Contributory Pension Scheme. As of the end of June 2020, about...

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...

Total Pension Assets Hit N11.35trn         Despite the effect of the COVID-19 pandemic on the economy, the total assets under the Contributory Pension Scheme rose to N11.35tn as of the end of August, the latest figures from the National Pension Commission revealed on Wednesday. According to the...

PenCom: Lack Of Board Stalls N14,400 Minimum Pension Payment       Five years after the pension operators and the National Pension Commission drafted guidelines to commence N14,400 minimum pensions for retirees, the payment is yet to begin. A source at PenCom said the minimum pension could not commence...

PenCom Okays N19.85bn For 6,006 Retirees In Q2       The National Pension Commission has said it approved N19.85bn as lump sum payment for 6,006 retirees in the second quarter of 2020. PenCOM disclosed this in its second-quarter report for 2020 financial period. According to the commission, the pensioners...

PenCom Approves 3,280 retirees For Payment in Q1 The National Pension Commission (PenCom) has approved 3, 280 applications for payment of retirement benefit under life annuity plan. The commission, in its 2018 first quarter report posted on its website, said the 3,280 retirees received N3.61 billion...