‘$33.4bn pension funds’ll boost infrastructure, sustain growth’
The Coronation Asset Management has said Nigeria can make use of domestic pensions rather than global debt for national development. It also said the country
Category : Pencom
Contributory Pension Scheme as panacea for retirement challenges in Nigeria
The introduction of the Contributory Pension Scheme (CPS) in 2004 addressed the challenges of the Defined Benefits Scheme (DBS), which was unsustainable and caused undue
Over 2,000 retirees can’t get monthly pensions – PenCom
No fewer than 2,084 retirees cannot be placed on monthly pension payments and have left the Contributory Pension Scheme in the first quarter of 2022.
We’ve N10bn outstanding accrued rights to pay 10,000 retirees – LASG
No fewer than 10,000 retirees are been owed their pension rights in Lagos State, Mr Babalola Obilana, Director-General, Lagos Pension Commission (LASPEC), has said. Obilana
House invites HoS, Accountant General, DG PenCom, others over non-payment of Pensioners’ gratuities
The House of representatives has invited the Head of Service (HoS) of the Federation, Dr. Folasade Yemi-Esan; Accountant General of the Federation, Mr. Anamekwe Nwabuoku,
FG’s spending on pension, gratuity falls to N356bn
The Federal Government’s expenditure on pensions and gratuity fell slightly by N3.48bn in 2021, according to figures obtained from the Central Bank of Nigeria. The
Only Lagos, Delta, Kaduna, two others pay pensions – PenCom
Only five states are paying pensions under the Contributory Pension Scheme as more workers retired by the end of the first quarter of 2022, findings
PFAs register 93,114 Retirement Savings Accounts in Q1 — PenCom
The National Pension Commission (PenCom) says Pension Fund Administrators (PFAs) registered 93,114 Retirement Savings Accounts (RSAs), in the first quarter (Q1) of 2022. This was
Only 10,541 firms have pension, insurance cover for workers –PenCom
Only 10,541 firms have complied with the country’s statutory laws on compliance with pension and insurance covers and have been cleared to do business with
Securing future of informal dector workers through micro pension plan
Since President Muhammadu Buhari launched the Micro Pension Plan in 2019, a total of 72,846 contributors have been registered by Pension Fund Administrators, thereby giving
