State govs’ quest to borrow N17tr from pension fund may hit brickwall
Plan by state governors in the country to borrow N17 trillion from pension fund to develop infrastructure in their respective states is dead on arrival.
Category : Pencom
Pension contributors withdraw N14.79bn as job losses rise
About 26,458 workers who lost their jobs since the COVID-19 pandemic started taking its toll on the economy withdrew N14.79bn from their Retirement Savings Accounts
Sanwo-Olu seeks to stop pension payment for ex-govs, deputies
Gov. Babajide Sanwo-Olu of Lagos has called for repeal of the Pension Law 2007, which provides for payment of pension and other entitlements to former
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
Only 9,103,653 workers have pension accounts, says 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 pension assets rise to N11.35tn
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
PenCom approves N2.58bn for relatives of deceased workers
The National Pension Commission has said it released N2.58bn for payment of pension benefits of deceased workers under the Contributory Pension Scheme between April and
PenCom workers petition Senate, oppose Dahiru-Umar’s confirmation
Some aggrieved workers of the National Pension Commission, under the aegis of Pension Reform Advocacy Group, have petitioned the Senate, expressing opposition to the confirmation
Unremitted pensions: Unending agonies of retired workers
For the majority of the civil servants across 32 states of the federation, the growing backlogs of unremitted pension arrears expected from their Retirement Savings
