Archives for PENSIONS - Page 2
PenCom releases additional N22bn for pension’s settlement
BY NGOZI ONYEAKUSI The National Pension Commission (PenCom) said Office of the Accountant General of the Federation (OAGF) has released an additional N22 billion as part of the 2024 appropriation for…
Understanding How Monthly Pensions Are Paid To Retirees Under CPS Crucial Says PenOp
Oguche, PenOp CEO The Contributory Pension Scheme (CPS) was introduced in Nigeria as part of the Pension Reform Act of 2004 to ensure sustainable and transparent pension administration. For retirees…
LIRS Sets January 31 Deadline for Annual Tax Returns Filing by Employers
BY NGOZI ONYEAKUSI The Lagos State Internal Revenue Service (LIRS) has issued a reminder to all employers in Lagos State to fulfill their statutory obligation to file annual tax returns…
Pension fund investment in real estate shrinks to N20bn
Pension Fund Illustration The Pension Fund Operators Association of Nigeria has revealed that the dearth of real estate investment trusts on the market has seen investment in that segment shrink…
RSA holders Transfer N1.41tn In 16 Quarters –PenCom
BY NGOZI ONYEAKUSI The National Pension Commission has disclosed that 312,771 Retirement Savings Account holders have transfered about from one Pension Fund Administrator to another. Data from the commission shown…
CPS Records 10.5m Contributors In October This Year
BY NGOZI ONYEAKUSI The National Pension Commission (PenCom) has disclosed that the Contributory Pension Scheme (CPS) has recorded over million contributors even as pension funds assets stood in excess of…
Delays, hitches hinder pension payment of ex-service men, amid calls for police to exit CPS
BY NGOZI ONYEAKUSI Pension logo Retired military personnel encounter delays in their pension payment, amid calls for police to exit CPS Amid calls from some quarters for the police to…
Low-income earners can withdraw total retirement savings: PENCOM
Low-earning pensioners are now permitted to withdraw their total retirement savings en bloc or continue to receive their monthly pension pending the approval of the Minimum Pension Guarantee. This is…
PenCom Lifts Suspension On LPFAs Investment On Commercial Papers
BY NGOZI ONYEAKUSI DG, PenCom The National Pension Commission (PenCom) has lifted the restrictions placed on all Licensed Pension Fund Administrators (LPFAs) over investment in commercial papers where capital market…
