Archives for PENSIONS - Page 29
Total Pension Assets Soar To N10.79tn
By Ngozi Onyeakusi-- Total pension assets under the Contributory Pension Scheme (CPS) has risen to as of the end of May 2020, despite the challenges of COVID-19 on the economy.…
Lagos pays N8.7b to retirees in six months
The Lagos State Government said it paid over billion Accrued Pension Rights to 2,309 retirees from its public service between January and June. The Director-General of the Lagos State Pension…
Uzodinma exposes eight persons indicted in N330m pension fraud
Uzodimma Imo Governor Hope Uzodinma has announced eight persons fraudulently receiving N330 million annually as pension. The Governor said the indicted persons who received their pensions annually are: Ajokubi H.…
Pensioners decry neglect by FG
As NUP gives palliatives, PPE to members Hundreds of pensioners, a few days ago gathered at the headquarters of Nigeria Union of Pensioners, NUP, in Abuja and alleged abandonment and…
PenCom concludes regulatory intervention in First Guarantee Pension Limited
The National Pension Commission (PenCom) has announced that its regulatory intervention in First Guarantee Pension Limited (the PFA), which resulted, among other things, in the appointment of an Interim Management…
PenCom Urges Employees To Report Default In Remittance
By Ngozi Onyeakusi-- The National Pension Commission (PenCom) has urged employees to ensure that all pension contributions deducted from salaries contributed by employers are remitted to the Pension Fund Custodian…
Compliance With PRA 2014 Incomplete Without Group Life Insurance — PenCom Warns
The National Pension Commission (PenCom) has once again warned that Compliance With the Pension Reform Act (PRA) 2014 remained incomplete without Group Life Insurance policy. The commission who sounded the…
PenCom Directs PFAs On Pension Enhancement Implementation
By Ngozi Onyeakusi--The National Pension Commission (PenCom) has directed all Pension Fund Administrators (PFAs) to implement the second edition of the pension enhancement exercise for retirees on Programmed Withdrawal mode…
PenCom urges RSA holders on regular data update
The National Pension Commission (PenCom), has advised all Retirement Savings Account (RSA) holders to update their data regularly through their various Pension Fund Administrators (PFAs). Mr. Peter Aghahowa, Head, Corporate…
Nine States Fully Comply with CPS–PenCom … Contributors Soars To 8.85 million
From Ngozi Onyeakusi, Lagos The National Pension Commission (PenCom) has disclosed that out the 25 states in Nigeria which have enacted laws on the Contributory Pension Scheme, (CPS) only nine…