In the first quarter of 2023, 34 defaulting employers were fined N191.22 million by the National Pension Commission (PenCom) for not remitting N193.06 million in pension...
Pension Fund Administrators (PFA) in the country have credited to the account of private and government retired workers a total sum of N13.21 billion. The payment...
More Nigerians who have lost their jobs are turning to their pension funds to help them weather the current economic downturn. Data obtained from the National...
The National Pension Commission (PenCom) says the total assets under the contributory pension scheme (CPS) rose by N2.1trillion to N12.3 trillion from N10.2 trillion as of...
President Muhammadu Buhari’s nomination of one Aisha Umar as the Director-General of the National Pension Commission (PenCom) caused an uproar in the Senate on Tuesday. The...
Pension fund administrators in the country have invested a total of N636.99bn out of the total pension funds in their custody in banks as of the...
AS the crises over transfer of all annuity assets under the management of life insurance companies to Pension Fund Custodians, PFCs, finally settles, growth in annuity...
The Federal Government has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme. These figures were released by the...
Since the inception of the Contributory Pension Scheme, relatives of 50,811 dead workers have been paid claims totalling N156.12bn as of the end of June 2018,...
The Federal Government has made the National Identification Number (NIN) compulsory for all workers under the Contributory Pension Scheme. According to a circular from the National...
Pension Fund Administrators (PFAs) have invested a total sum of about N4.22 trillion in Federal Government’s Bonds in August. Data obtained from the National Pension Commission...
Fourteen months after the dissolution of the former board of the National Pension Commission (PenCom) by President Muhammadu Buhari, the government is yet to constitute a...
ONE of the major challenges threatening the Contributory Pension Scheme, CPS, introduced in 2005 following the Pension Reforms, PRA, 2004, is non-remittance of deducted contributions by...
The National Pension Commission has set out modalities for the administration of retirement benefits of professors and public office holders to earn their last salaries as...
The National Pension Commission (PenCom) has said the ongoing clamour for deployment of the N6 billion consolidated contributory savings for pensioners on other aspects of the...
The much anticipated 15 per cent jump in the volume of funds accruing to the national pension commission (Pencom) this year may not be realistic after...
The over N5.3trillion pension funds in the custody of the National Pension Commission is safe and secured, Eguarekhide Longe, chairman, Pension Fund Operators Association of Nigeria...
