2018 Federal Government Budget: The Pains, Anger and Frustration of Federal Government Retirees and Families of Deceased Federal Public Servants

Takor 2018 Federal Government Budget: The Pains, Anger and Frustration of Federal Government Retirees and Families of Deceased Federal Public Servants By Ivor Takor, MNI The failure to payment of retirement benefits including death claims as and when due, is at the heart of the public sector pension crisis in Nigeria. The cause beingthe irregular […]

Less than 5% of N1.6trn pension fund earmarked for infrastructure is accessed- PenCom

From left: Former President, Nigerian Council of Registered Insurance Brokers, Mrs Laide Osijo; Head, Contribution & Bond Redemption Department, National Pension Commission, Olulana Loyinmi; President, Chartered Insurance Institute of Nigeria, Funmi Babington-Ashaye and Chairman, Nigerian Insurers Association, Eddie Efekoha at the event. Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) […]

LeapFrog takes stake in ARM Pension Managers

Leave a comment and share Chuks Udo Okonta LeapFrog Investments has invested an undisclosed amount in ARM Pension Managers, one of the largest pensions fund administrator (PFA) in Nigeria with about $1.8bn in funds under management. The investment in ARM Pensions will tap a rapidly growing pensions market, with a particular focus on deepening reach […]

Lagos State makes prompt pension payments to retirees with disabilities

Lagos State Governor, Akinwunmi Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government has promised to pay pensioners with disability or terminal illness their pensions immediately after they retire. The Director General, Lagos State Pension Commission (LASPEC), Mrs. Folashade Onanuga, who stated this at the 14th Retirement Benefit Documentation Seminar for […]

PenCom attributes N8trn pension success to esteemed contributors

From left: Managing Partner, Averti Professional Managers, Mrs Inyang Sani Orungbe; Director and Head, Corporate Communications Department, National Pension Commission, Peter Aghahowa and Head Benefits & Insurance Mrs Ekanem Aikhomu at the event. .Holds verification from June 25 to August 17, 2018 Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) […]

Lagos state pays retirees N859m

Governor Ambode Leave a comment and share Chuks Udo Okonta The Governor of Lagos State, His Excellency, Akinwunmi Ambode has released the sum of N859, 059 million to pay accrued pension rights to 158 Public Service retirees under the Contributory Pension Scheme for the month of May. A statement by Mrs Ajoke Lawal of Public […]

Stanbic IBTC Pension Managers positions for new pension initiatives

From left: Executive Director, Operations, Steve Elusope; Chief Executive, Eric Fajemisin; Head, Business Development, Mrs. Nike Bajomo; and Executive Director, Investments, Oladele Sotubo; all of Stanbic IBTC Pension Managers Limited at the event. .Assets Under Management in excess of N2.53trn Leave a comment and share Chuks Udo Okonta With Assets Under Management (AUM) in excess […]

Pension assets move to N8trn

Mrs. Aisha Dahir-Umar Leave a comment and share Chuks Udo Okonta The pension contributions have moved from N7.779 trillion in March 2018 to N8 trillion, Inspenonline has learnt. The Head of Research and Corporate Strategy Department at PenCom, Dr. Farouk Aminu, who disclosed this on a television programme, noted that the pension funds have continued […]

Pension reform and the tardiness of accrued rights

By Paddy Ezeala It has been severally reiterated that the Contributory Pension Scheme (CPS) is arguably the most successful initiative of the Federal Government since the return to democratic governance in 1999. The plight of pensioners under the previous Defined Benefit Scheme (DBS); before the enactment of the Pension Reform Act in 2004, is not […]
Copyright © 2018 inspenonline · All rights reserved · Copyright 2015 Inspen Media designed by bdeweb@+2348027237838