19 Insurance firms fail PenCom compliance for CPS
The National Pension Commission, PenCom, has awarded compliance certificates to 39 insurance companies out of 58 operating in the sector. The fate of the remaining
Category : Pencom
Lagos Pays N1bn to Retirees in April
The Director-General, Lagos State Pension Commission, Mr. Babalola Obilana, has said the state government paid over N1 billion to its retirees in April. Obilana, disclosed
Contributory pension returns to growth path, gains N92bn
The Contributory Pension Scheme that lost some funds in recent months has returned to a growth path, gaining N92bn in March. Latest figures obtained by
Only 15,418 compliant firms can do FG’s businesses – PenCom
A total of 15,418 organisations got the National Pension Commission’s clearance to do businesses of Ministries, Departments and Agencies between January 4 and May 10.
FG approves implementation of adjustment to pension benefits
The President, Major General Muhammadu Buhari (retd.), has approved the implementation of the consequential adjustment to pension benefits occasioned by the new minimum wage of
PenCom raises PFAs’ shareholders funds to N5bn
The National Pension Commission has ordered the Pension Funds Administrators to raise their shareholders’ funds from N1bn to N5bn. Some operators disclosed this to our
9,265,141 workers now have pension accounts — PenCom
The total number of workers with pension accounts under the Contributory Pension Scheme rose slightly to 9,265,141 as of the end of February 2021, according
Private sector pensioners tell members to refrain from porotest
The Federal Parastatal agencies and Private Sector Pensioners Association of Nigeria (FEPPPAN) has urged its members to refrain from participating on any protest over delay
FG retirees not paid pensions since March 2020 – PenCom
Most Federal Government workers that retired from March 2020 to March 2021 have not been paid their pensions. The Director-General, National Pension Commission, Aisha Umar,
3,499 CPS retirees not entitled to pensions in Q4 – PenCom
The National Pension Commission refunded N848.92m to 3,499 retirees under the Contributory Pension Scheme and allowed them to leave the system due to low balances
