By Asishana John The National Pension Commission has said that only 24,084 employers have pension accounts and insurance covers for their employees as of the end of September 23. PenCom said this in its report titled ‘Schedule of employers issued with…
National Pension Commission (PenCom) is set to commence online verification and enrollment for its 2021 retirees and prospective retirees of Federal Government Treasury-Funded Ministries, Departments and Agencies (MDAs). Head, Corporate Communications of PenCom, Mr Peter Aghahowa, made the disclosure in…
By Asishana John In a bid to strengthen the Contributory Pension Scheme (CPS), and make it a retirement savings account (RSA) holders and retirees-friendly and convenient platform, the National Pension Commission (PenCom),has deployed high-powered technological platform accessible to stakeholders. Disclosing…
The National Pension Commission (PenCom) on Monday said it had commenced payment of the 2.5 per cent differentials of 2004 and 2014 specified by the Pension Reform Act (PRA) to retirees. Head, Contribution and Bond Redemption Department, PenCom, Mr Saleem…
By Asishana John The National Pension (PenCom) has approved the RSA Fund VI non-interest investment for Sigma Pensions Limited to provide retirement savings in line with moral beliefs and values that enhance ethical investing. As a pioneer of the non-interest…
The National Pension Commission (PenCom) has said that Pension Fund Administrators paid N67.42 billion as retirement benefits to pensioners under the Contributory Pension Scheme in the first quarter of 2021. This was lower than the N90.99 billion paid in Q4 2020.…
By Asishana John Pension operators in Nigeria constrained economy are beginning a 12-month hunt for additional N4 billion in new capital after a review by regulators raised minimum regulatory capital to N5 billion from the current N1 billion level. The…
A total of 49,353 employees have opened pension accounts under the Contributory Pension Scheme (CPS) in January and February this year. This brings the total number of workers with pension accounts to 9,265,141 as of the end of February 2021,…
By Asishana John The total gross assets value has dropped to N6.9 billion, representing a 0.06 per cent fall in January 2021 compared to the amount recorded in December 2020 despite that the total Retirement Savings Account (RSA) rose during…
By Kayode Tokede The National Pension Commission (PenCom) has vowed to punish Pension Fund Administrators (PFAs) who violate the procedures on death benefit payments PenCom has also stopped the operators from paying more inflows into deceased employees’ Retirement Savings Account…
